Peru: Inflation falls for first time in seven months in November
December 2, 2021
Consumer prices rose 0.36% in November over the previous month, a smaller increase than October's 0.58% increase. November's result marked the weakest reading since May. Looking at the details of the release, smaller increases in transport costs and food and beverages prices led to the smaller overall rise.
Inflation dropped to 5.7% in November and followed six consecutive months of rising inflation, which had resulted in October’s near 13-year high reading of 5.8%. Annual average inflation rose to 3.6% in November (October: 3.3%), while core inflation ticked up to 3.4% in November, from the previous month's 3.2%.
Author: Stephen Vogado, Economist