Bloomberg News

Uruguay’s Inflation ‘Under Control’ and Slowing, Astori Says

October 17, 2011

Oct. 17 (Bloomberg) -- Inflation in Uruguay is “under control” and will slow to target in 2012, Vice President Danilo Astori said.

“Inflation is under control and the evolution is downward so we will finish the year slightly above the target range” of 4 percent to 6 percent, Astori told reporters in Montevideo today. “We are convinced that in 2012 inflation will be on target.”

Uruguay’s consumer prices rose 0.51 percent in September and 7.79 percent from a year earlier, the national statistics institute reported on Oct. 4.

To contact the reporter on this story: Lucia Baldomir in Montevideo at lbaldomir@bloomberg.net

To contact the editor responsible for this story: Bill Faries at wfaries@bloomberg.net


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