In February, inflation in Metropolitan Lima —barometer of the national reality, according to INEI— grew 0.29%; and, in annual terms, it reached 8.7%, completing 10 months in a row above 8%.
From Credicorp they reported that in February the price of chicken rose 10.08% and that of chicken eggs 6%, both products covering 80% of the total monthly inflation in the capital.
They also estimated that the pressure on prices, instead of normalizing, would continue to rise due to lower food production after the outbreak of avian flu and the lower supply due to the rains in the north, factors that represent “upward risks for inflation.”
Finally, Credicorp warned that, in the first quarter of this year, the GDP could be below 1% due to the slowdown in the demand for electricity, the consumption of cement —which measures construction— and metal mining.
Source: Larepublica
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