Economics
Peru’s Inflation Slows More Than Forecast From 13-Year High
- Consumer prices rose 5.68% y/y versus estimated 5.99%
- Central bank has increased interest rates by 275 basis points
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Peru’s inflation slowed more than expected in January as transportation prices fell, providing a welcome relief to the central bank which faced in 2021 the fastest rise in prices in 13 years.
Annual inflation slowed to 5.68%, compared with the 5.99% median forecast of analysts surveyed by Bloomberg. Consumer prices increased 0.04% from December, the national statistics bureau reported Tuesday.