Peru: Inflation ticks lower in October
Consumer prices in Metropolitan Lima increased just 0.02% in October over the previous month, slowing from September’s 0.14% rise. October’s moderation was mainly caused by falling food and beverage, and transport costs, tempering rising housing and utility prices.
Inflation dropped marginally to 1.7% in October from 1.8% in September. Meanwhile, the trend was unchanged for the fourth month running, with annual average inflation coming in at 1.8% in October, equaling the reading from July–September. Lastly, core inflation was ticked up marginally, coming in at 1.7% in October from 1.6% in September.