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Uruguay: Inflation accelerates and exceeds government’s targets

RIO DE JANEIRO, BRAZIL - Uruguay's retail prices rose 1.04% in October, after increasing 0.46% the month before, the National Institute of Statistics reported on Thursday, a figure much higher than projected by economic analysts. It is the largest monthly rise since January 2021, when it grew 1.6%.

In the first 10 months of the year the index increased by 7.79% and in the past 12 months the consumer price benchmark accumulated a rise of 7.89%, exceeding Luis Lacalle Pou government's annual target of between 3% and 7%.

Market analysts expected 0.48% inflation . . .

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