Peru: Inflation at five-month low in January
February 3, 2017
Consumer prices for Metropolitan Lima increased 0.24% in January from the previous month, which was below the 0.33% rise registered in December and marginally below market analysts’ estimate. According to the National Statistical Institute (INEI), the monthly change in prices was driven by adjustments to service prices after the year-end holidays, which partly offset the increase in prices for food and energy.
Inflation edged down from 3.2% in December to 3.1% in January, just a notch above Central Bank’s upper target limit of 3.0% and the lowest result since August 2016.