Business & Finance
Peru’s Inflation Unexpectedly Picks Up With Rising Food Prices
Key Points
Peru’s Inflation Unexpectedly Picks Up With Rising Food Prices Inflation in Peru’s capital unexpectedly accelerated in June, staying above the central bank’s target range for a fourth straight month as rising food costs add to the recent global energy shock. Consumer prices in Lima rose 4.01% in June from a year earlier, compared with 3.91% in May, according to data released Wednesday by national statistics agency INEI. The result exceeded the 3.81% median estimate of 10 economists surveyed...
Peru’s Inflation Unexpectedly Picks Up With Rising Food Prices
Inflation in Peru’s capital unexpectedly accelerated in June, staying above the central bank’s target range for a fourth straight month as rising food costs add to the recent global energy shock.
Consumer prices in Lima rose 4.01% in June from a year earlier, compared with 3.91% in May, according to data released Wednesday by national statistics agency INEI. The result exceeded the 3.81% median estimate of 10 economists surveyed by Bloomberg. The central bank targets inflation between 1% and 3%.
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