Uruguayans' purchasing power increased by 1.1 per cent from January to October 2016

El País reported on 1 December 2016, that from January to October 2016, Uruguayans' purchasing power increased by 1.07 percent. The Instituto Nacional de Estadística (INE) reported that the Average Wage Index rose by 0.3 percent in October 2016, which added to the 9.74 percent increase in the index over first ten months of 2016 (El País). However, the purchasing power of Uruguayans abroad decreased by 6 percent from January to November 2016, reaching lower levels that in 2015 (El Observador, 24 November 2016).