Inflation & Prices
Peru’s Inflation Rose Less Than Expected to Hold Near 2% Target
- Annual inflation in capital Lima hit 2.01%; estimate was 2.13%
- Inflation rate remains within central bank 1%-3% target range
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Prices in Peru’s capital rose less than expected in October, as inflation continues to run near the center of the central bank’s desired target range.
Consumer prices in Lima rose 2.01% in October from a year earlier, according to national statistics agency INEI. That was lower than 2.13% median estimate of economists surveyed by Bloomberg. On the month, prices fell 0.09% after September’s -0.24% print.