Peru: Inflation stable in October
Consumer prices in Metropolitan Lima rose 0.11% over the previous month in October, following September’s 0.01% month-on-month uptick. October’s increase was largely the result of higher prices for transport, higher housing rental costs and rising prices for fuels and electricity, which more than offset lower prices for food and beverages.
Meanwhile, inflation was unchanged at September’s 1.9% in October, thus remaining below the midpoint of Central Bank’s target range of 2.0% plus or minus 1.0 percentage points. In September (the latest month for which data is available), core consumer prices, which exclude energy and food prices, increased 0.1% from the previous month, down from the previous month’s 0.2% uptick. Finally, core inflation in September came in at August’s 2.3%.