Peru’s annualized inflation slowed to 3.05% in March compared to 3.29% in the previous month, the government said on Monday, with seasonal price hikes in the education sector marking the steepest rise.
Last month’s rate is slightly above the central bank’s 1%-3% target range.
On a monthly basis, Peru’s benchmark price index rose 1.01% in March compared to 0.56% in February and 0.02% in January, the country’s INEI statistics office said in a statement, bringing inflation for the first three months of 2024 to 1.59%.
INEI said inflation in March had risen largely due to higher prices in the…
