Inflation forecast · World Bank data
Uruguay inflation forecast
Inflation (CPI, annual %)
Latest · 2025
4.7%
Inflation in Uruguay is forecast at 5.0% in 2026, with an 80% range of 2.2% to 11.2%. The latest World Bank figure is 4.7% for 2025.
For 2027 and 2028 the model projects 5.4% and 6.1% (+1.5 pp versus 2025).
Display-only line. World Bank data is annual: the forecasts are the yearly points marked on the chart. The monthly line between them is a straight-line interpolation for display, not a monthly forecast.
- 20261 yr ahead
- 5.0%▲ +0.4 pp80%: 2.2% – 11.2%
- 20272 yr ahead
- 5.4%▲ +0.8 pp80%: 2.7% – 12.4%
- 20283 yr ahead
- 6.1%▲ +1.5 pp80%: 3.4% – 13.7%
Backtest · last 5 years
How accurate has this been?
| Horizon | Tests | Avg. error | Naive error | In 80% range |
|---|---|---|---|---|
| 1 yr ahead | 5 | 1.39 pp | 1.56 pp | 100% |
| 2 yr ahead | 4 | 1.94 pp | 2.00 pp | 75% |
| 3 yr ahead | 3 | 3.06 pp | 3.75 pp | 67% |
We re-ran the model as if standing at past dates, using only the data available then. Avg. error is the mean absolute gap between the median and what happened (percentage points); naive assumes no change from the last value. A well-calibrated 80% range contains about 80% of outcomes. Annual series have few test points, so treat these as rough. Methodology
Source data
Recent values
| Year | Value | Change |
|---|---|---|
| 2025 | 4.7% | −0.20 pp |
| 2024 | 4.8% | −1.02 pp |
| 2023 | 5.9% | −3.24 pp |
| 2022 | 9.1% | +1.36 pp |
| 2021 | 7.7% | −2.01 pp |
| 2020 | 9.8% | +1.87 pp |
| 2019 | 7.9% | +0.28 pp |
| 2018 | 7.6% | +1.39 pp |
| 2017 | 6.2% | −3.42 pp |
| 2016 | 9.6% | +0.97 pp |
About this forecast
- Source
- World Bank, World Development Indicators · series FP.CPI.TOTL.ZG
- Data through
- 2025 · 66 observations
- Forecast updated
- Sep 28, 2026
- Model
- TimesFM 2.5 (Google Research, Apache-2.0), zero-shot
More forecasts for Uruguay
Uruguay overviewOther inflation forecasts
All 39Statistical model, not financial advice. This forecast is generated automatically from public data; the 80% range means outcomes are expected outside it about one time in five. Don't make financial decisions based only on it.
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