Peru: Inflation moderates in September
October 6, 2017
Consumer prices in Metropolitan Lima stayed flat over the previous month in September, down from August’s 0.7% rise. September’s reading was the result of lower prices for food and beverages—namely vegetables and legumes, tubers and roots, and sugar—offset by higher prices for housing, fuel and electricity, and clothing and footwear. The increase in the prices for housing, fuel and electricity was primarily due to an increase in tariffs for electric energy and propane gas.
Inflation followed suit, dropping to 2.9% in September from 3.2% in August. Core consumer prices, which exclude energy and food, rose 0.1% month-on-month for the third consecutive month. Finally, core inflation inched down from 2.9% in August to 2.8% in September.