Peru: Inflation inches up in September
October 7, 2016
Consumer prices for Metropolitan Lima increased 0.21% in September over the previous month, which was down from the 0.36% rise registered in August but above the 0.16% increase expected by market analysts.
Inflation climbed up from 2.9% in August to 3.1% in September. This took it back above the upper limit of the Central Bank’s target of 2.0% plus/minus 1.0 percentage point, after it had fallen below this limit for the first time in 17 months in August.
The core consumer price index, which excludes volatile items such as fresh food and fuels, rose 0.18% month-on-month in September (August: +0.25% month-on-month). Finally, core inflation edged down from August’s 3.9% to 3.8% in September, which was the lowest print in 15 months.