Uruguay extends price freeze until year-end to combat inflation
BUENOS AIRES Oct 23 (Reuters) - Uruguay is extending a prize freeze on some 1,500 products until year-end in order to contain inflationary pressures, the Economy Ministry said on Friday.
The government-imposed price freeze was originally set for August to October this year but inflation remains well above target.
The latest data showed consumer prices rising 9.14 percent on the year in September, above the official target range of 3 percent to 7 percent.
The government has said slowing inflation is one of its priorities. (Reporting by Malena Castaldi; Writing by Sarah Marsh)
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