Peru's CPI Rose in November on Higher Fuel, Electricity Prices
December 01 2016 - 12:40AM
Dow Jones News
LIMA, Peru—The benchmark consumer-price index increased in
November on higher fuel and electricity prices, the Peruvian
government said Thursday.
The CPI rose 0.29% in November from the previous month, bringing
the annual inflation rate to 3.35%, easing from the five-month high
of 3.41% posted last month, national statistics agency INEI
said.
In November, fuel, electricity and housing costs rose 1.22%, in
part due to higher residential rates charged by the power
providers, the government said. Health costs were up 0.36%, while
transportation and communications costs rose 0.35%. The food and
beverage sector increased 0.22% on higher chicken prices.
The central bank has kept its reference interest rate on hold
for most of this year as economic growth remains robust. Inflation
has also remained near the upper end of its target range of 1% to
3%.
Peru's gross domestic product is expected to grow about 4% this
year, after expanding 3.3% in 2015.
Write to Ryan Dube at ryan.dube@dowjones.com
(END) Dow Jones Newswires
December 01, 2016 00:25 ET (05:25 GMT)
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