INSUBCONTINENT EXCLUSIVE:
In November 2023, Peru underwent a significant economic shift, evidenced by a 0.26 percent decrease in the Consumer Price Index (CPI).This
change led to a cumulative inflation rate of 3.1 percent for the year
The National Institute of Statistics and Informatics (INEI) provided these figures.In Metropolitan Lima, the CPI decrease was slightly lower
Over the last eleven months, this area saw an inflation increase of 2.82 percent.Considering the past 12 months, the annual rate rose to
Food and Non-Alcoholic Beverages decreased by 1.39 percent.Transportation costs fell by 0.4 percent and Communications by 0.04 percent.Peru
Sees Inflation Ease in November 2023
(Photo Internet reproduction)In the food sector, notable price drops included fruits, chicken eggs, packaged vegetable oil, and some
vegetables and tubers.However, some food items like meat and bread saw slight price increases.In the transportation sector, the reduction
was mainly due to a 3.4 percent decrease in vehicle fuel prices.Other divisions reported positive rate changes
These included Housing, Water, Electricity, Gas, Other Fuels, and Restaurants and Hotels.Additional increases were seen in Miscellaneous
Goods and Services, Recreation and Culture, Health, Alcoholic Beverages and Tobacco, Furniture, Household Items, Home Maintenance, Clothing
a broader economic trend across Peru
