LIMA, Sept 1, 2024 – Peru's Consumer Price Index (CPI) saw a slight uptick in August 2024, rising by 0.28% Month-over-Month, according to the latest data released on September 1. This represents an incremental increase from the previous month's rate of 0.24%, recorded in July 2024.
The August CPI figure indicates a continuation of modest inflationary pressures in the Peruvian economy. The change from 0.24% to 0.28% signals that while inflation remains relatively low, it is trending upwards. Analysts will be closely watching these figures in the coming months to gauge whether the inflationary pace will accelerate or stabilize.
Overall, the slight increase suggests that while Peru's inflation is manageable, ongoing monitoring will be critical to ensure that it doesn't escalate in the subsequent period. The updated data provides key insights for policymakers and investors who are mapping out economic strategies for the remainder of the year.
