It is the first time that inflation reaches the target range of the Central Reserve Bank (BCRP) in 35 months. The last time was in May 2021, when progress of 2.45% was recorded in the last twelve months.
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Finally, inflation returned to the target range. The Consumer Price Index (CPI) of Metropolitan Lima recorded a decline of -0.05% in April and, with this, the annualized progress was 2.42%.
It is the first time that inflation reaches the target range of the Central Reserve Bank (BCRP) in 35 months. The last time was in May 2021, when progress of 2.45% was recorded in the last twelve months. In addition, it is the lowest rate in 36 months since April 2021, when it advanced 2.38%.
According to the report from the National Institute of Statistics and Informatics (INEI), the accumulated inflation in the first four months of the year was 1.54%. The negative variation of the CPI at the national level was -0.01%.
It should be noted that both the BCRP and the Ministry of Economy and Finance (MEF) expected inflation to return to the target range of between 2% and 3% in the first quarter of 2024, but the projection was not met.
This new update of consumer prices in Metropolitan Lima should also anticipate a new cut in the reference rate, which is currently at 6%.
However, April inflation in the United States (it reached 2.7% in March to the surprise of most analysts) could demand some caution from the largest Peruvian issuing entity.
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
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
