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LatinNews Daily - 06 August 2020
In brief: Uruguay’s inflation slows in July
* Uruguay’s national statistics institute (INE) has released the latest figures for the consumer price index (IPC), according to which annual inflation reached 10.13% in July. The IPC registered a monthly variation of 0.55%. This signals a slow-down in inflation after 10.36% inflation in June and a peak of 11.05% in May, which was in part attributed to a price agreement reached in May on a number of products in the basic basket of goods, due to expire next week. Inflation remains well outside the central bank’s (BCU) 3%-7% target range.
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- In brief: Uruguay’s inflation slows in July