Peru's inflation will stand at 1.6% on an annualized basis in November, thus ending the year at that level, within the target range of 1%-3%, Central Reserve Bank (BCR) General Manager Renzo Rossini projected.
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Inflation has fallen to 2% in October from 4% in March, in light of the reversion of negative supply shocks, so the (annualized) inflation would be 1.6% in November and maintain that level by the end of 2017," he said.
It must be noted the consumer price index in Lima's Metropolitan Area posted a slight decline of 0.02% in September and fell 0.47% in October, according to the National Institute of Statistics and Informatics (INEI).
As stated by the statistics office, Peru's annualized inflation stood at 2.94% and 2.04% in September and October this year, respectively.
Moreover, Rossini expects core inflation to end the year between 2% and 2.1%, down from 2.8% at end-2016.
(END) MMG/JJN/RMB/MVB
Published: 11/24/2017