Peru’s Central Bank (BCRP) said Saturday that year-on-year inflation declined in August for the second month in a row, coming in at 8.4 percent, 34 basis points lower than in July.
The monthly rate was 0.67 percent in August, down from 0.94 percent in July, mainly due to lower fluctuations in transportation and fuel prices, the BCRP said in a statement.
Fresh fish (21.3 percent), chicken (5.3 percent), and meals away from home (0.6 percent) contributed the most to inflation in August.
Prices also rose for corn (16.3 percent), citrus (6.6 percent), potatoes (6.4 percent), bread (3.3 percent), electricity (3 percent), higher education (1.3 percent), and rents (0.7 percent).
However, the price reductions that contributed most to reducing inflation were in domestic air transportation (18.3 percent), vehicle fuels (7.5 percent), and root vegetables (7.4 percent).
In addition, the index decreased for new pulses (11.7 percent), papaya (9.6 percent), leaves or towels (6.1 percent), tomatoes (5.7 percent), other fresh fruits (4.5 percent), eggs (2.1 percent), and international air transport (1.6 percent).