Peru’s consumer price index increases by 3.17% from January to July 2023
The Consumer Price Index (CPI) of Peru saw a 0.34% increase in July 2023, accumulating a rise of 3.17% over the first seven months of the year, according to a report by the National Institute of Statistics and Informatics (INEI).
The CPI for Metropolitan Lima recorded a 0.39% increase in July, bringing the total variation to 2.92% between January and July.
The annual rate of the national indicator showed a 6.02% variation, and 5.88% for Lima Metropolitan, remaining slightly above the economy minister’s projection of “below 6%.”
The monthly rise in July was attributed to higher-than-average increases at the national level in recreation and culture (0.72%); food and non-alcoholic beverages (0.62%); and restaurants and hotels (0.56%).
Meanwhile, growth was below the national average in divisions such as diverse goods and services (0.31%); communications (0.30%); household furniture and maintenance (0.25%); and clothing and footwear (0.23%).
In July, consumer prices showed positive variations in all 26 cities in the South American country where the CPI is calculated, with the highest variation, 1%, in the Huancavelica department, as per the INEI report.
More: Peru news in English, every day from The Rio Times.
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief