Peru: Inflation inched down in August
Consumer prices ticked up 0.06% over the previous month in August, following July’s 0.20% month-on-month fall. August’s increase was largely the result of higher prices for transport, communication and recreation more than offsetting lower housing rental costs and diminished prices for fuels and electricity.
Meanwhile, inflation inched down to 2.0% from July’s 2.1%, hitting the midpoint of Central Bank’s target range of 2.0% plus or minus 1.0 percentage points. In August, core consumer prices, which exclude energy and food prices, increased 0.2% from the previous month, up from July’s 0.1% uptick. Finally, core inflation in August came in at July’s 2.3%.