Uruguay’s Growth Pushing Inflation Past Target, Bergara Says
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Uruguay’s growing economy and a tight labor market are keeping inflation above policy makers’ target, according to Economy Minister Mario Bergara.
Gross domestic product will expand about 3 percent this year, Bergara said in an interview at Bloomberg’s headquarters in New York yesterday, after the country’s former finance minister had said in November that the economy would expand 4 percent. Three years of full employment helped push inflation to a 15-month high of 9.1 percent last month, above the central bank’s target of no more than 7 percent, Bergara said.