Peru: Inflation stable in September at lowest level since May of last year
October 1, 2014
Consumer prices for Metropolitan Lima increased 0.16% over the previous month in September, which contrasted the 0.09% fall registered in August. The print was just above 0.12% increase the market had expected. The increase was driven mainly by higher prices for food and beverages.
Annual headline inflation was stable at August’s 2.7% in September, which marks the lowest rate since May of last year. As a result, inflation remained within the upper limit of the Central Bank’s target of 2.0%, plus/minus 1.0 percentage point.
Author: Carl Kelly, Economist