Peru: Inflation rises to 16-month high in November
December 1, 2020
Consumer prices in Metropolitan Lima increased 0.52% in November over the previous month, jumping from October's 0.02% rise. November’s uptick was mainly caused by rising food and beverage, and housing and utility prices.
Inflation jumped to 2.1% in November from 1.7% in October, the highest reading since June 2019. However, the trend was unchanged for the fifth month running, with annual average inflation coming in at 1.8% in November. Lastly, core inflation was ticked up marginally, coming in at 1.8% in November from 1.7% in October.
Author: Stephen Vogado, Economist