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Peru econ minister sees inflation easing to 5.2% in September

Published 19/09/2023, 12:13 am
© Reuters. FILE PHOTO: Alex Alonso Contreras is sworn in as Minister of Economy by Peru's President Dina Boluarte, who took office after her predecessor Pedro Castillo was ousted, in Lima, Peru, December 21, 2022. REUTERS/Sebastian Castaneda/File Photo
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LIMA (Reuters) - Peru's annual inflation could ease to 5.2% in September, Economy Minister Alex Contreras said in a press conference on Monday.

Data from national statistics agency INEI showed that 12-month inflation in the Andean country stood at 5.58% in August, the lowest since September 2021.

© Reuters. FILE PHOTO: Alex Alonso Contreras is sworn in as Minister of Economy by Peru's President Dina Boluarte, who took office after her predecessor Pedro Castillo was ousted, in Lima, Peru, December 21, 2022. REUTERS/Sebastian Castaneda/File Photo

Peru, the world's second-largest copper producer, has been grappling with poor weather, lower private investment in mining and anti-government protests.

Adverse weather events prompted last week the country's central bank chief to raise the inflation forecast for the year to 3.8% from 3.3%.

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