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BCR Board member: Peru among countries with lowest inflation rates in the region

Photo: Courtesy of Scotiabank.

Photo: Courtesy of Scotiabank.

19:02 | Lima, Jun. 22.

The General Manager of the Peruvian Institute of Economy (IPE) and member of the Board of Directors at the Central Reserve Bank (BCR), Diego Macera, on Wednesday affirmed that Peru is one of the countries with the lowest inflation rates in the region.

According to Macera, most price increases occurred in 2021, for example, those of steel, iron, plastics, chemicals, among others, and there is a lag this year, which might be lower than last year.

"As of July and August, inflation is expected to be lower than it was in the first half of 2022," he said.

The BCR Board member emphasized that the current situation of rising prices is a global issue, and Peru is one of the countries with the lowest inflation rates at the regional level. 

"Most of the inflation in the country is caused by imported products, by food and energy," he explained.

In light of this situation of inflation —he said— central banks have raised their guideline rates and, compared to other countries in the region, the real and nominal rate in Peru is relatively low.

Macera stressed the importance of improving the system of incentives for small-sized companies to invest, grow, as well as hire (more workers) and giving larger companies —the established ones— more incentives so that they can recruit more people.

His remarks were delivered at the 19th edition of SME Expo: "Innovation and new markets: The great challenge for the development of SMEs," held by the Lima Chamber of Commerce (CCL).

(END) MMG/JJN/RMB/MVB

Publicado: 22/6/2022