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Annualized inflation in Metropolitan Lima falls and reaches 8.40% in August

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Metropolitan Lima registered annualized inflation (September 2021-August 2022) fell from 8.74% in July to 8.40% in August, after an advance of 0.67% in the last month and an accumulated variation of 6.13% so far this year, according to the National Institute of Statistics and Informatics (INEI).

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The result to the eighth month of the year was driven by the rise in the transport divisions, which in the last twelve months grew 12.8% mainly influenced by the cost of fuels and lubricants that increased 31.41%; as well as road and air passenger transport services, which increased in price by 13.01% and 15.74%, respectively.

In this same period, prices also rose in the divisions of recreation and culture (7.11%), restaurants and hotels (9.50%), health (3.82%), education (3.75%), and communications (1.32%).

Annualized inflation by consumer groups

Inflation in August was 0.67%

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The monthly result was mainly influenced by the rise observed in the Food and Non-Alcoholic Beverages divisions (1.71%) due to the higher prices of fish and shellfish such as bonito, horse mackerel, mackerel and mackerel; eviscerated chicken and its cuts, among other products.

The prices of Accommodation, Water, Electricity (1.23%) also had an influence, due to the increase in electricity rates and natural gas consumption, and Restaurants and Hotels (0.63%) due to the increase in the menu, chicken the grill, chicken broth and ceviche.

To a lesser extent, the prices of Education (0.68%), Health (0.67%), Miscellaneous Goods and Services (0.51%), Furniture, Household Items and Ordinary Home Maintenance (0. 33%), Alcoholic Beverages, Tobacco and Narcotics (0.28%), Clothing and Footwear (0.26%) and Recreation and Culture (0.21%).

Incidence in the variation of the Consumer Price Index

On the other hand, prices in the Transportation divisions fell (-0.87%) mainly due to lower gasohol and LPG prices for vehicles, national and international airfare and interprovincial bus fares due to the normalization of the service after national holidays; as well as in Communications (-0.13%) due to the reduction of the rates in some internet and packaged service consumption plans; and mobile telephone equipment.

Inflation at the national level reached 0.62% in August

In August, the National Consumer Price Index grew 0.62%, due to the rise in prices observed in the Food and Non-Alcoholic Beverages (1.37%), Accommodation, Water, Electricity and Gas (1.07%) divisions. %), Restaurants and Hotels (0.68%), Health (0.56%), Miscellaneous Goods and Services (0.54%), Education (0.49%), Furniture, Household Items (0.42 %), Alcoholic Beverages and Tobacco (0.40%), Clothing and Footwear (0.37%) and Recreation and Culture (0.24%).

On the contrary, the prices of Transportation (-0.55%) and Communications (-0.10%) fell.

At the city level, the highest variations were observed in Chiclayo (0.94%), Ica (0.85%), Cajamarca (0.80%), Huaraz (0.73%), Chachapoyas (0.71% ) and Iquitos (0.70%). While, the cities with negative results were Pucallpa (-0.18%) and Moyobamba (-0.14%).

Source: Larepublica

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