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Uruguay’s Inflation Rate Drops to 4.8%, the Lowest Level Since 2005

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Uruguay’s inflation rate last month fell to its lowest level in nearly 18 years as price gains cooled for food, clothing and gasoline.

Consumer prices in July rose 4.79% from a year ago, down from 5.98% in June, the national statistics agency said in a report Thursday. July marked the lowest inflation rate since November 2005.

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