Peru: Inflation drops to lowest level since October 2020 in September
Latest reading: Inflation came in at 1.8% in September, down from August’s 2.0% and in line with the Central Bank’s 1.0–3.0% target. September’s reading represented the lowest inflation rate since October 2020. The dip was largely due to a softer rise in transport prices.
Annual average inflation ticked down to 2.8% in September (August: 3.0%).
Finally, consumer prices fell 0.24% over the previous month in September, contrasting the 0.28% rise recorded in August. September’s result marked the weakest reading since October 2023.