Peru: Inflation hits highest level since March 2017 in July
July’s figure was mainly driven by rising food and beverage costs, and a faster increase in housing prices, but was also aided by a marked depreciation in the sol during the past few months.
Inflation rose to 3.8% in July, above June’s 3.3% and marking the highest inflation rate since March 2017.
As a consequence, annual average inflation rose to 2.4% in July (June: 2.2%).
Lastly, core inflation inched up to 2.3% in July, from June’s 2.0%. ■