Economics
Peru’s Poor Need ‘Massive’ Food Support, Central Banker Says
- Tavara highlights that the poor spend more income on food
- Massive protests over cost of living are expected next week
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Peru’s poor require “massive” government support to tackle a growing food crisis amid the highest annual inflation rate in a quarter century, central bank board member Jose Tavara said in an interview.
Consumer prices jumped 8.1% last month from a year prior, well above the 2% target and the biggest such increase since 1998. Inflation has triggered rioting in recent months and new protests are expected again next week.