Peru: Inflation inches down in July
August 8, 2022
Consumer prices increased 0.94% over the previous month in July, slowing from the 1.19% increase seen in June. Looking at the details of the release, prices for transport and food and beverages increased the most.
Inflation came in at 8.7% in July, down from June’s 8.8%, which had marked the highest inflation rate since July 1997. Annual average inflation rose to 6.7% in July (June: 6.3%). Lastly, core inflation rose to 6.2% in July, from the previous month's 5.8%.