Alex Contreras, Minister of Economy and Finance, reported that a “significant” drop in inflation is expected for June of this year.
“According to the progress we have, there will be a reduction of more than one point in inflation, this is important because it would be the largest reduction in the last 12 months. The idea is that the Central Bank returns to the target (range) in an accelerated manner. Our agenda is multiple, reactivation, continue betting on the affected families, regions and sectors, and prepare for the emergency,” Contreras told Radio Nacional this Saturday, June 24.
As recalled, the board of the Central Reserve Bank (BCRP) decided to keep the reference rates at 7.75% for the fifth consecutive month, but the outlook for inflation would have a downward trend and at the end of the year it would reach close to the range goal, between 1% and 3%.
Thus, according to the projections of the June inflation report of the BCRP, this was revised upwards and went from 3.0% to 3.3% the annual figure. Among the main factors are the ravages left by Cyclone Yaku and the El Niño Costero phenomenon.
In addition, production and market supply in various regions were also affected due to the spread of diseases such as bird flu, which affected the price of chicken and eggs.
It should be noted that, according to the National Institute of Statistics and Informatics (INEI), for May inflation in Metropolitan Lima was 7.89%, the lowest in 14 months.
Source: Larepublica
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