The minister of Economy and Finance, Alex Contreras indicated that he expects that, by the end of this year, inflation would trend downward and approach 3%.
“The positive news is that, for the third consecutive month, inflation is falling and, between March and April, there has been the most important reduction in the last 15 months. If this trend continues, it is very likely that we will close the year close to or at 3%. Contreras told Radio Nacional this Saturday, May 6.
It is important to mention that in March, according to the National Institute of Statistics and Informatics (INEI), annualized inflation reached 8.4%, and by April it had a reduction and stood at 7.97%, one of the lowest annual rates reported in one year.
Despite this, so far in the first week of May, There has been a significant rise in the costs of some products in the basic food basket. Thus, according to the Ministry of Agrarian Development and Irrigation (Midagri), chicken has risen by more than 8% and has come to cost S/13.90 a kilo in retail markets in Metropolitan Lima, while eggs have Its value has risen and it is sold between S/11 and S/11.5 per kg.
On the other hand, according to the latest projections of the Central Reserve Bank of Peru (BCRP), Inflation for 2023 would not be within the target range, between 1 and 3%, but would be above it, between 4.30% and 5.70%. And just by 2024, a reduction could be seen that would reach 3% and 4%.
Source: Larepublica
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