For second year running Uruguay manages deflation in December, keeps inflation in one digit

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For second year running Uruguay manages deflation in December, keeps inflation in one digit

Uruguay again managed a December with deflation, (as happened exactly a year ago) with the consumer prices index down 0.72%, helping to bring 2013 inflation to 8.52%, according to the official stats office, INE. This is the sixth year in the last ten that Uruguay despite an unprecedented decade long growth-boom and abundant revenue overshoots its inflation target.

http://en.mercopress.com/2014/01/07/for-second-year-running-uruguay-manages-deflation-in-december-keeps-inflation-in-one-digit