Peru: Inflation in Metropolitan Lima closes at 8.46%, the highest in 26 years

In 2022, the Consumer Price Index (CPI) of Metropolitan Lima closed at 8.46%, a result higher than the variations registered in the last 26 years (1996 reached 11.84%), reported this Sunday the National Institute of Statistics and Informatics (INEI).

In 2021, this indicator closed at 6.43%, then the highest result in 13 years.

The technical report Variation of the Price Indicators of the Economy details that the result of 2022 was determined by the rise in the prices of the consumer divisions: Food and Non-Alcoholic Beverages (15.21%) due to the increase observed in vegetables and tubers, eggs, sugar, bread and cereals, and other food products.

During the past year, of the 586 products that make up the family basket, 534 went up in price, 35 went down and 17 products reported no change.

In addition, the growth was influenced by the following divisions: Transportation (11.30%) due to higher prices in fuels and lubricants, vehicle spare parts, road transportation service, and local transportation; Restaurants and Hotels (9.49%) due to the increase in menu prices in restaurants, hot dishes à la carte and desserts; and Lodging, Water, Electricity, Gas and Other Fuels (4.23%) due to the rise in electricity and drinking water rates.

The divisions of Miscellaneous Goods and Services (6.66%), Recreation and Culture (6.66%), Health (4.84%), Education (3.92%), Alcoholic Beverages, Tobacco also registered growth in prices. and Narcotics (3.78%), Furniture, Household Items and Ordinary Home Conservation (3.49%), Clothing and Footwear (2.46%) and Communications (1.44%).

The Central Reserve Bank (BCR) projects a significant slowdown in inflation from March 2023, and in the second semester to return to the target range (between 1% and 3%), said its president Julio Velarde.

With information from Bloomberg

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