Peru: Inflation at close to one-year low in September
Consumer prices in Metropolitan Lima inched up 0.01% over the previous month in September, following August’s 0.06% month-on-month uptick. September’s increase was largely the result of lower prices for transport and communication largely offsetting higher housing rental costs and rising prices for fuels and electricity.
Meanwhile, inflation inched down to 1.9% from August’s 2.0%, moving below the midpoint of Central Bank’s target range of 2.0% plus or minus 1.0 percentage points. In September, core consumer prices, which exclude energy and food prices, increased 0.1% from the previous month, down from the previous month’s 0.2% uptick. Finally, core inflation in September came in at August’s 2.3%.