Inflation in Uruguay: Analysts again adjust their year-end expectations upward

The gradual upward revision of market participants' expectations is taking place against the backdrop of rising international commodity prices and an additional shock from the war in Ukraine.

RIO DE JANEIRO, BRAZIL - Uruguayan analysts have again adjusted upward their inflation expectations for the end of the year. This is according to the latest inflation expectations survey published Tuesday by the Central Bank of Uruguay (BCU).

The median respondent now expects the consumer price index (CPI) to be 8.5% in December. An adjustment had already been made to 7.9% in the March survey, compared to 7.1% according to the median of the February survey.

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