The inflation It fell again in February and registered a variation of 4.71% year-on-year, and after the second consecutive drop it marks a new month within the target range established by the Central Bank of Uruguay (BCU).
The data comes from the latest report on the estimates of the Consumer Price Index (CPI) prepared by the National Institute of Statistics (INE)corresponding to last February.
He CPI registered a monthly variation of 0.64% while the accumulated annual variation reached 2.18%, establishing the General Index number at 106.83.
In comparison to February 2023, the number of General index was 102.02; while the accumulated monthly variation then was 1%, and the annual variation was 2.57%. During the second month of last year, the CPI estimate reached 7.55% year-on-year.
Meanwhile, the Underlying inflation (IPC-CE), indicator that excludes fresh fruits and vegetables, and fuels. The variation was 0.61% and reached 4.47% in the last 12 months, with a General Index of 106.07.
Fruits had a strong impact on the CPI
When evaluating the divisions with the greatest impact on the percentage variation of the CPI, the main one was Food and non-alcoholic beverages (0.17%), followed by Furniture, household goods and other regular household items and Transport (both with 0.11%), Services of education (0.06%) and Clothes and shoes, with a negative 0.05%.
Regarding each product, the fruit and nuts represented the largest monthly increase, with 8.26%, driven by the price of oranges (36.62%), peaches (24.33%), lemons (11.86%) and bananas ( 10.85%), as well as decreases in the values of apples (2.02%) and pears (14.50%).
On the other hand, there was an increase of 0.24% in the prices of meat fresh, refrigerated or frozen, as well as a decline of 1.49% in vegetables, tubers and legumes.
In turn, clothing and footwear registered a negative variation of 1.85%, while furniture suffered an increase of 2.02%, while transportation showed an increase of 1.02% and education services of 1.79%. .
Source: Ambito
