Peru: Inflation climbs to five-month high in October
November 4, 2016
Consumer prices for Metropolitan Lima increased 0.41% in October from the previous month, which was up from the 0.21% rise registered in September and above the 0.20% increase expected by market analysts. According to the National Statistical Institute (INEI), the increase was boosted by seasonally higher prices for certain food items.
Inflation increased from 3.1% in September to 3.4% in October and reached a five-month high, taking it further above the Central Bank’s upper limit of 3.0%.
The core consumer price index, which excludes volatile items such as fresh food and fuels, rose 0.26% month-on-month in October (September: +0.18% month-on-month). Finally, core inflation edged up from 3.8% in September to 3.9% in October.