Peru: Inflation slows in December
Inflation came in at 3.2% in December, which was down from November’s 3.6% and marked the lowest reading since May 2021. That said, the print remained slightly above the Central Bank’s 1.0-3.0% target range for the 29th consecutive month. The latest print came amid moderations in prices for food and non-alcoholic beverages, transportation, and recreation and culture.
Annual average inflation dropped to 6.3% in December from 6.7% in November. Lastly, consumer prices rose 0.41% over the previous month in December, contrasting the 0.16% decrease logged in November.