Peru: Inflation continues to rise in June
Consumer prices in Metropolitan Lima increased 0.33% month-on-month in June, above May’s 0.02% subdued rise. June’s increase was mainly the result of higher prices for transport and communication, as a result of the increase in the selective consumption tax approved in May, as well as for food and beverages. On the other hand, lower prices were recorded for domestic propane gas.
Meanwhile, inflation rose. It increased to 1.4% in June, up from 0.9% in May, moving further away from March’s over seven-year low. In May core consumer prices, which exclude energy and food, increased 0.4% from the previous month, above May’s softer 0.2% increase. Finally, core inflation rose to a six-month high of 2.3% in June, above May’s seven-year low of 2.1%.