Prices in Metropolitan Lima rose 1.01% in March and inflation remains outside the target range

Prices in Metropolitan Lima rose 1.01% in March and inflation remains outside the target range

Annualized inflation moderated to 3.05%. In this way, the predictions of BCP, Scotiabank and the BCRP itself fail, whose economic areas estimated that inflation would return to the target range at the end of March. Julio Velarde himself had been waiting for this news since last December.

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Inflation in Metropolitan Lima rose again in March and advanced 1.01% compared to the same month of the previous year, accumulating an advance of 1.59% so far in 2024, as reported by the National Institute of Statistics and Informatics (INEI). ).

However, in the annualized photograph the Consumer Price Index (CPI) once again approached the target range of 2%-3% of the Central Reserve Bank (BCRP) and, after a slight peak in the second month of the year, installed about 3.05%.

In the previous months of January and February 2024, inflation recorded increases of 3.02% and 3.29%, respectively. The rebound in prices led the largest issuing entity to maintain its interest rates at 6.25% in its last meeting.

In this way, the predictions of BCP, Scotiabank and the BCRP itself fail, whose economic areas estimated that inflation would return to the target range at the end of March. Julio Velarde himself had been waiting for this news since last December.

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Written and digital press journalist, graduated from the Federico Villarreal National University (UNFV). Currently, in La República, where he writes about economics, with emphasis on hydrocarbons, mining and social conflict.

Source: Larepublica

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