Peru has maintained a single-digit inflation rate for 27 years and 7 months, which is considered a historical milestone in Latin America, after the country recorded an interannual rate of 2 % in August.

The figure is within the target range according to reports from the Central Reserve Bank of Peru (BCRP), issued on Thursday, September 5.

“The Peruvian record covers 331 months, from February 1997 to August 2024, and allowed it to surpass the mark held by Chile, which reached a period of 27 years and 6 months of continuous single-digit inflation between October 1994 and March 2022, according to statistics provided by the BCRP.”

The BCRP reported that the long period of single-digit inflation began in February 1997. It emphasized that it is the country “with its own currency that has the lowest inflation in the region, below 3 percent.”

M.Pino

Source: swissinfo

(Reference image source: Spencer Arquimedes in Unsplash)

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