Peru’s year-on-year inflation rose to 1.33 % in September
The Central Bank of Peru confirmed that the country's inflation remains within the 1 % to 3 % range, despite a rebound in September to 1.33 %
Peru’s year-on-year inflation saw a slight rebound in September, reaching 1.33 %, according to data from the National Institute of Statistics and Informatics (INEI). However, according to the Central Reserve Bank, the indicator remains within the 1 % to 1.3 % range.
On the other hand, last month’s Consumer Price Index (CPI) increased to 0.04 % compared to August. The items that showed the greatest increase were recreation and culture (0.17 %); healthcare, restaurants, and hotels (both at 0.15 %); miscellaneous goods and services (0.13 %); and furniture, household goods, and home improvement (0.05 %).
The National Institute of Statistics (INEI) also revealed in its report that the cumulative variation for the year is 1.15 %. However, inflation in the Latin American country remains within the 1 % to 3 % range set by the Central Bank of Lima.
Regarding the Consumer Price Index for Metropolitan Limait stood at 0.01 % in September and 1.25 % for the year. Year-over-year inflation was 1.36 %.,
Data on inflation by city indicate that “three cities registered rates above 2%, with Ica standing out at 2.28 %, followed by Tumbes at 2.09 % and Piura at 2.03 %.”
Of the 26 cities where the Consumer Price Index is calculated, 15 reported price increases, with the largest increases in Puerto Maldonado (0.38 %), Puno (0.31 %), Arequipa (0.29 %), and Piura (0.26 %).
Likewise, eleven cities recorded negative results, including Huancavelica (-0.38 %), Moyobamba (-0.34 %), Moquegua (-0.28 %), and Chachapoyas (-0.20 %).
The projection for an increase in inflation for the last quarter of the year is pending, pointing to a closing of 1.8 %, “driven by the low comparison base, and 2.5 % in 2026, due to the normalization of food prices and smaller drops in the exchange rate and inputs,” according to BBVA.
M.Pino
Source: bloomberglinea
(Reference image source: Cova Software on Unsplash)
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