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Inflation in Peru contracted in monthly terms, however in annual terms it was slightly above the CB’s target

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Published on Tuesday, December 2, 2014

Inflation in Peru contracted in monthly terms, however in annual terms it was slightly above the CB’s target

The demand pressures on prices continue to moderate, which is consistent with a weak product, we estimate that inflation will converge towards the target range from the beginning of 2015. We see room for a reduction in the MPR in the short term.