The Minister of Economy and Finance, Alex Contrerassaid this morning that he expects 12-month inflation in November to fall to 3.8% from the 4.35% observed in October.
The latest data from the Consumer Price Index (CPI) in Metropolitan Lima recorded, last month, a year-on-year decline of 0.32%, rounding out a drop of 2.99% so far this year, according to INEI.
“Inflation at the beginning of this administration was 8.5%. This month we hope to close with 3.8%, that is, less than half. That gives us room to generate greater momentum,” he highlighted in an interview for Exitosa.
Recently, the BCRP anticipated that inflation should return to the target range, between 1% and 3%, between March and April 2024. Along these lines, it highlighted that Peru’s underlying inflation rate (without food and energy) at 12 months is the lowest in the region.
At another time, Contreras assured that the Con Punche Perú plan, implemented almost 11 months ago, has played an important role in avoiding a much more complicated situation. It is a plan that is being implemented at this time and has been reinforced.
“In order to reach more entrepreneurs, we have tripled the program from S/5,000 million to S/15,000 million. And we are making modifications to reach more mypes, such as, for example, holding special auctions,” highlighted the head of the MEF.
Source: Larepublica
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