Last December, the majority of analysts and economic agents consulted by the BCRP said they expected that the evolution of prices in the country would recover their normal course – within the target range – after noting 30 months of pessimism.
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The 12-month inflation expectation of economic and financial system analysts was reduced from 3.15% in November to 2.83% in December of last year, within the target range after 30 months.
These expectations reached their maximum in June 2022, standing at 5.35% in that month, starting a clear decreasing trend since then due to the reversal of part of the supply shocks on some foods and the measures taken by the BCRP.
Regarding inflation projections for this year, they all show a reduction in December compared to the previous month. In the case of analysts
economics and companies in the financial sector, both expect inflation to be within the BCRP target range in 2024.
For next year, according to the highest issuing entity, the three groups of economic agents expect inflation to be between 2.5% and 3%.
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Source: Larepublica

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