The inflation annualized increased 5.58% in August in Metropolitan Lima, the lowest in 16 months. In the eighth month of the year it rose 0.38% and achieved an accumulated variation of 3.30% so far in 2023, according to Resolution No. 230-2023 of the National Institute of Statistics and Informatics (INEI).
Inflation in metropolitan Lima. Photo: INEI
It should be noted that this value, measured by the variation of the Consumer Price Index (CPI), It is the lowest since October 2021, when it stood at 5.83%.
Although these results reflect a downward trend, since for July —after 12 months of progress— it reached 5.88%, it continues to remain high at the expected levels. According to economist Juan Carlos Odar, the rate for this eighth month is usually lower, 0.23%. “Increase in gasoline and some foods seem to have had an impact on the rise,” he stressed.
For its part, national monthly inflation (as of August) reached 0.40%, while the accumulated inflation was 3.58%.
National inflation. Photo: INEI
Source: Larepublica
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