Peru: Inflation stable in January
Consumer prices in Metropolitan Lima rose 0.05% over the previous month in January, down from December’s 0.21% increase. January’s rise was chiefly the result of higher prices for education and culture and for food and beverages, which more than offset lower prices for transport and communications.
Meanwhile, inflation was unchanged at December’s 1.9% in January, thus remaining below the midpoint of Central Bank’s target range of 2.0% plus or minus 1.0 percentage points. In January, core consumer prices, which exclude energy and food prices, increased 0.2% from the previous month, up from December’s 0.1% uptick. Finally, core inflation in January came in at 2.2%, matching December’s reading.