Uruguay

The intensification of inflationary pressures, largely owing to the long process of economic stagnation and instability that has prevailed since 1957, was one of the outstanding features of the evolution of the Uruguayan economy during 1965. In the last four years, prices rose steadily. Consumer prices climbed 10.9 per cent in 1962, 20.5 per cent in 1963 and 43.2 per cent in 1964, with an estimated increase of more than 55 per cent for 1965. The trend pursued by the economy in the past, which had evolved in a context of relative price stability, was altered by the stagnation of agricultural production and the slowing down of the industrialization process.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions