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Inflation in Uruguay was 0.99% in June compared to May, a figure that accumulated in 12 months at 8.11%, although above the ceiling of the official 7% goal.
The information became known Wednesday when, precisely, the second increase in the price of gasoline in the country this year, 9%, began to take effect. The previous month, in January, was 9.8%.
According to the National Institute of Statistics (INE), in the first half of the year, prices rose 5.85%, well above the 4.33% was recorded in June 2017.
Food and non-alcoholic beverages were the products with the largest increase over the same month of the previous year.
The government has a target inflation range of 3-7%, but the 8, 11% accumulated in 12 months far exceeds, in a context of low employment and high dissatisfaction in some productive sectors, mainly related to the agricultural interior.
At midnight from Tuesday to Wednesday, the government made a second increase in the price of petrol in Uruguay, of 9%, which adds to another 9.8% decided by the authorities last January.
In January, rates for basic public services provided by the state also increased.
In this case, the government – in the midst of a difficult offer with the movement "One Uruguay", agricultural producers and retailers, resolved to leave without changes the price of diesel, the main fuel of road transport and farm machinery.
The common liter of petrol in Uruguay costs $ 1.77. The government of this country net importer of crude oil refining, argues that the increase in the price of a barrel of oil and the dollar requires it to raise gasoline tariffs.
Uruguay has a monopoly fuel refining and distribution company, ANCAP, which was to be "capitalized" by Tabaré Vázquez's executive in several hundred million dollars after having took the left leader (2015-2020), due to a large deficit of their accounts. The government decided to cancel a debt of the oil company to reorganize its depressed finances.
© 2018 AFP
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