December 2024: Sectoral Inflation Report

In December, annual inflation decreased to 1.97% (down from 2.27% in November), approaching the midpoint of the Central Reserve Bank of Peru's (BCRP) target range of 1% to 3%. The transport sector (+1.38%) had the greatest impact on the month's result, driven by higher prices for air passenger transportation (+9.2%) and road transportation (+1.5%) due to increased demand during the year-end holidays.

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