Uruguay closed 2008 with a 9.19-percent increase in the Consumer Price Index (CPI), the government said Monday.
The increase in the inflation rate in Uruguay was the highest since 2004 and surpassed the official goal for 2008, said the National Institute of Statistics.
The Uruguayan government had estimated an inflation rate of between 3 percent and 7 percent for 2008.
The inflation rate in Uruguay was 8.50 percent in 2007.
The retail price of food and drinks increased 10.6 percent in 2008 and considerably boosted inflation.
Source:Xinhua
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