Breaking News
Investing Pro 0
Free Webinar - The Role of Psychology in Trading - Thursday, December 8, 2022 | 04:00PM EST Enroll Now

Peru's inflation closes 2021 at 13-year high

Economy Jan 01, 2022 02:25PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: A man sells groceries at a stand at Surco market in Lima, Peru August 31, 2018. REUTERS/Mariana Bazo

LIMA (Reuters) - Peru has ended 2021 with inflation of 6.43%, the highest rate in 13 years and well above the upper end of the central bank's target, the government said on Saturday.

The South American country, one of the world's largest producers of minerals, had an annual inflation target of 1% to 3% last year.

According to the National Institute of Statistics and Information (INEI), consumer prices in the Lima metropolitan region - which are seen as the national benchmark - were driven by higher food, fuel, transportation and energy prices in 2021.

Peru's central bank chief Julio Velarde said in December that the inflation rise came on the back of higher prices for imported goods and the depreciation of the local currency against the U.S. dollar.

For 2022, the central bank expects Peru's inflation to slow down to 2.9%. It also sees inflation at 2.1% in 2023.

Peru's inflation closes 2021 at 13-year high
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (2)
Jerry Cooley
Jerry Cooley Jan 01, 2022 5:08PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Isnt the USA inflation rate currently over 6%?
Todd Gray
Todd Gray Jan 01, 2022 3:25PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Screwing the people is how the rich save themselves from the result of their irrational, competitive, over-exuberance of greed. It is the same almost everywhere.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email