UPDATE 1-Peru inflation rate falls below 2% for 2024
Adds details from statement on December inflation, context
LIMA, Jan 1 (Reuters) - Peru's annual consumer price inflation rate was 1.97% in 2024, according to data published on Wednesday by national statistics agency INEI.
Peru's central bank targets inflation at 2%, plus or minus one percentage point.
The agency also reported that prices were up 0.11% in December month-on-month.
Transportation inflation led December's reading, with prices up 1.20%, INEI said in a statement.
Inflation in 2024 fell from the 3.24% rate recorded for 2023, and was far lower than the 8.46% inflation rate in 2022.
The central bank last month held its benchmark interest rate at 5.00%, one of Latin America's lowest benchmark rates.
(Reporting by Marco Aquino; Writing by Brendan O'Boyle; Editing by Bill Berkrot)
((Brendan.OBoyle@thomsonreuters.com))
Related Articles
What hurdles lie ahead for any US-China TikTok deal?
By David Shepardson WASHINGTON, Sept 15 (Reuters) - Questions and potential hurdles surround a framework agreement announced on Monday between the U.S. and China that would switch short-video app TikTok to U.S.-controlled ownership, including whether any deal will comply with a 2024 law. U.S. and
[Reuters Analysis] Hedging surge reflects crowded trade - long Wall Street, short U.S. dollar: McGeever
By Jamie McGeeverORLANDO, Florida, Sept 16 (Reuters) - The rush to hedge U.S. equity exposure this year was initially seen as part of a broad 'de-dollarization' process, reflecting global investors' discomfort with President Donald Trump's trade, economic and foreign policy agendas. ...
September Fed Watch: A Policy Pivot That Could Make or Break the Bull Stock Market
TradingKey - The Fed’s September FOMC meeting is widely seen as locking in the first rate cut of 2025. Yet strategists at Morgan Stanley, JPMorgan, and Oppenheimer warn that as investors shift focus to slowing growth, a more cautious tone may replace bullish stock sentiment.
Effects of Interest Rate Cuts: Impact of Fed's September Meeting on Crypto Market
The Fed’s rate cut decision is a major bullish catalyst for crypto — but it comes with uncertainty. Investors should understand the economic rationale behind the move and adjust strategies accordingly. Staying flexible, informed, and disciplined is key to thriving in crypto’s fast-moving environment
Duolingo (DUOL): Can the Green Bird Fly High Again
TradingKey - Duolingo is a great business, despite the stock price being down nearly 50% from its peak less than four months ago. However, the question is whether it’s worth buying it at a market cap of $12.5 billion. The answer is “not yet” because the traffic, even though healthy...
