Peru | Consumer prices rose slightly in November

Summary

CPI rose 0.11% m/m in November, driven by higher prices in food, restaurants and transport. Despite the monthly increase, annual inflation remained stable at 1.4%, within the Central Bank’s target range.

Key points

• Key points:
• Core inflation rose 0.06% in November, remaining at 1.8% y/y.
• Inflation is expected to end 2025 near 1.5%.
• No changes are anticipated in the BCRP policy rate, which remains at 4.25%, within the estimated neutral range.

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