(MENAFN- Trend News Agency) Inflation in Peru's capital came in above expectations in March,
slowing less than expected, as protests that disrupted key supply
chains in the mining, tourism and agribusiness industries eased,
Consumer prices in Lima in March rose 8.4 percent from a year
earlier compared to the 8 percent median forecast of five
economists surveyed by Bloomberg.
On a monthly basis, inflation rose by 1.25 percent, according to
statistics agency INEI, faster than expected by any of the six
economists surveyed by Bloomberg. The median forecast was for a
price rise of 0.9 percent.
Peru's central bank is combating stubbornly high inflation that
has been made worse by anti-government protests. The unrest peaked
in January and has been easing since, with protests now isolated in
the Andean region of Puno near Bolivia.
Peru's central bank has held the interest rate at 7.75 percent
for two consecutive months, after its steepest series of hikes
ever. The bank will reassess its benchmark rate at its monthly
meeting in April.
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