Peru: Inflation drops in August
September 3, 2018
Consumer prices in Metropolitan Lima increased 0.13% month-on-month in August, below July’s 0.38% rise. August’s increase was largely the result of higher prices for food and beverages as well as for leisure and cultural and teaching services.
Meanwhile, inflation slid to 1.1% in August from 1.6% in July. In August, core consumer prices, which exclude energy and food prices, increased 0.1% from the previous month, slightly below July’s 0.2% rise. Finally, core inflation dipped from 2.4% in July to 2.0% in August, a near eight-year low.
Author: Javier Colato, Economist