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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La entrada Peru’s year-on-year inflation rose to 1.33 % in September apareció primero en Bitfinance.

The consumer price index (CPI) of the United States stood at 1.7 % last February, three tenths above the year-on-year inflation rate registered the previous month. It represents the highest price increase in the country since February 2020, according to data published this Wednesday by the Labor Department’s labor statistics office.

In the last twelve months, energy became more expensive by 2.4 %, while food rose 3.6 % year-on-year. The core inflation rate, without taking into account the impact of energy and food, stood at 1.3 % in February, one tenth below the previous month’s reading.

In monthly terms, the United States posted inflation of 0.4 %, one tenth more than in January and the highest in monthly terms since August 2020. On its side, the core rate rose to 0.1 % in February, after being stable during the previous two months.

US Treasury Secretary Janet Yellen played down fears that the new $ 1.9 trillion stimulus package promoted by president Joe Biden could cause the economy to overheat and lead to strong rising prices.

In this sense, the head of the US Treasury assured this week in statements to the MSNBC chain that, in the event that the plan had inflationary effects, “there are tools to deal with it, and it will be closely monitored.”

K. Tovar

Source: DailyFX

La entrada US CPI stood at 1.7% during February apareció primero en Bitfinance.