From January to May, Peru recorded cumulative inflation of 1.05 %, while for the month of May, the Consumer Price Index (CPI) nationwide decreased by 0.05 %.

This was reported this Sunday, June 1, by the National Institute of Statistics and Informatics (INEI in Spanish), which also provided sector-by-sector data.

“In Metropolitan Lima, the CPI decreased 0.06 %, accumulating a 1.17 % increase in the January-May period, according to the technical report Variations in Economical Price Indicators from the National Institute of Statistics and Census (INEI).”

The annual rate, which corresponds to the last 12 months, reflected a percentage change of “1.72 % for the national indicator and 1.69 % for Metropolitan Lima.”

According to the INEI, the items that saw decreases last month were food and non-alcoholic beverages (0.40 %), transportation (0.31 %), and lodging, water, electricity, gas, and other fuels (0.18 %).

Regarding consumer prices in May, the institute reported increases in 11 cities, with the highest change observed in Iquitos at 0.33 %.

M.Pino

Source: xinhua.net

(Reference image source: Markus Winkler on Unsplash)

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La entrada Peru’s cumulative inflation was 1.05 % from January to May apareció primero en Bitfinance.

Peru’s national production registered a 0.98 % contraction during the month of January, after the positive variation of 0.51 % recorded in December 2020, according to data published by the National Institute of Statistics and Informatics (INEI).

The fall in the Peruvian economy is explained by lower levels of activity in the transport and storage sectors (-18 %), mining and hydrocarbons (-8.5 %), accommodation and restaurants (-26.6 %), services lent to companies (-8.9 %), commerce (-0.8 %) and electricity, gas and water (-0.1 %).

These data were offset by positive variations in financial and insurance activities (18.6 %), manufacturing (6.9 %), construction (15.2 %), telecommunications (7 %), fishing (74.9 % ), public administration and defense (4.8 %) and the agricultural sector (1.2 %).

Among the sectors with positive contributions, the INEI highlighted the manufacturing sector, mainly due to the processing and preservation of fish, crustaceans and molluscs, which accounted for 6.7 percentage points of the sector’s total growth.

The Andean economy was one of the most affected by the Covid-19 pandemic in 2020, with an estimated drop in Gross Domestic Product (GDP) of 11.4 %, according to data from the International Monetary Fund (IMF).

The multilateral organization projects one of the most vigorous recoveries in Latin America and the Caribbean, with a growth of 8.5 % in 2021 in the event that the Peruvian authorities control the evolution of the pandemic.

K. Tovar

Source: dpa

La entrada Peru’s economy contracted again apareció primero en Bitfinance.