August Inflation in Lima Rises 0.07% and Accelerates to 4.44%
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Annual inflation reached its highest level in August since 2023, despite the fact that prices rose only 0.07% per month. The drop in food helped to contain the index, but the rise in fuel, transportation and electricity tariffs keeps the pressure.
The Consumer Price Index (CPI) of Peru rose 0.07% in August compared to the previous month, which resulted in an accumulated variation up to the eighth month of the year of 4.16% and 4.44% in year-on-year comparison. As reported on Tuesday by the National Institute of Statistics and Informatics (INEI), [...] The entry Peru's CPI rises 0.07% in August and 4.44% in year-on-year comparison appears first in Forbes Spain.
Inflation in August remains above the target range, increasing the challenge for the Central Bank and local equity positioning.
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