Meanwhile, the interannual picture remains at around 2.28%. Prices in our country continue, in this way, in the target range of between 2% and 3% with which the BCRP expects to close its cycle, but new rate cuts are not expected in the short term.
The year-on-year inflation rate for June 2024 in Metropolitan Lima was 2.28%, according to preliminary data shared by the National Institute of Statistics and Informatics (INEI).
In turn, the Consumer Price Index (CPI) had a monthly increase of 0.12% in June, after recording two consecutive falls, of -0.05% and -0.09%, in April and May, respectively. At the end of the first half of the year, the reference inflation in our country reached an accumulated increase of 1.57%.
In this way, prices in Metropolitan Lima, in the last twelve months, again showed slight growth, but still within the target range of between 2% and 3% that the Central Reserve Bank (BCRP) seeks to consolidate in the current year.
Regarding the national data, the monthly increase in the CPI was 0.07% in June, recording an accumulated increase in the first six months of 2024 of 1.30%.
The highest issuing body had decided to maintain the reference rate (the price of money) at 5.75% in May, due to inflation expectations in our country and the world. There is little to suggest that a new cut will be recorded in the fifth month of the year.
At that time, various economic analysts estimated that annualized inflation, that is, for the next twelve months, would fluctuate around 2.56%, after estimating that it would be 2.62% in April.
Source: Larepublica
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