Inflation in Uruguay during the year 2023 amounted to 5.1%, it was reported in Montevideo. The South American country s lowest rate in 18 years was achieved mainly thanks to prices reasonably stable in household goods, transportation, and communications, it was explained by the National Institute of Statistics (INE). The Consumer Price Index (CPI) grew only 4.9% in 2005.
Uruguay’s Minister of Livestock, Agriculture, and Fishing, Fernando Mattos, appeared before the Permanent Commission of Parliament at the request of the opposition Frente Amplio (Broad Front) to explain the measures taken by the government in response to the drought that has affected the country since last year.
Uruguay s Central Bank is to mint 5,000 coins to commemorate the so-called Miracle of the Andes, the survival of 16 passengers of Air Force transport Flight 571 aircraft that crashed on its way to Chile Oct. 13 1972.
While the Argentine peso keeps losing ground against the US dollar, just the opposite is going on across the River Plate, where the Uruguayan currency is stronger every day, having undergone a 12.4% appreciation so far this year.