Peru: Inflation picks up in December from November
Latest reading: Consumer prices in Lima rose 1.5% in annual terms in December, following a 1.4% increase in the prior month and within the Central Bank’s 1.0–3.0% target range.
Relative to the prior month’s figures, there were higher price pressures for food and beverages (+1.7% in annual terms vs +1.2% in November), transport (+1.1% vs +0.9% in November) and clothing (+1.4% vs +1.3% in November). In contrast, price pressures reduced for recreation and entertainment in December (+2.0% vs +2.1% in November). Finally, the change in housing and utilities prices was the same as in the prior month (-2.3% in December and November).
Finally, consumer prices in Lima were up 0.24% in December on a month-on-month basis, following a 0.11% increase in the previous month.