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Peru: Inflation hits highest level since March 2017 in July

Christian Fernsby |
Consumer prices rose 1.01% from the previous month in July, picking up from the 0.52% increase recorded in June.

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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%.

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