Inflation & Prices
Peru Inflation Cools as Central Bank Braces for El Nino
- Annual inflation eases for eighth month in September to 5.04%
- Central bank cut key rate from two-decade high to 7.5%
Vendors organize stalls at the Mercado Central in Lima, Peru.
Photographer: Fabiola Granda/BloombergThis article is for subscribers only.
Peru’s annual inflation slowed more than expected in September, as the central bank warns that price increases may remain above target due to looming effects from El Nino on farming.
Consumer prices in Lima rose 5.04% in September from a year earlier, lower than the 5.31% median forecast of economists surveyed by Bloomberg. In August, annual inflation stood at 5.58%.