Peru: Inflation stable in November
Consumer prices in Metropolitan Lima rose 0.11% over the previous month in November, matching October’s uptick. November’s increase was largely the result of higher prices for fuels and electricity and higher housing rental costs, which more than offset lower prices for transports and communications.
Meanwhile, inflation was unchanged at October’s 1.9% in November, thus remaining below the midpoint of Central Bank’s target range of 2.0% plus or minus 1.0 percentage points. In October (the latest month for which data is available), core consumer prices, which exclude energy and food prices, increased 0.1% from the previous month, matching September’s uptick. Finally, core inflation in October came in at September’s 2.3%.