© 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
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.
Peru, the world’s second-largest 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%.