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