Andina

PM: Inflation reduction to 1.78% reaffirms Peru's economic strength

Photo: Presidency of the Council of Ministers of Peru

09:03 | Lima, Oct. 8.

Prime Minister Gustavo Adrianzen pointed out that the reduction to 1.78% of inflation accumulated over 12 months, a figure reported by the National Institute of Statistics and Informatics (INEI), reaffirms Peru's economic solidity and currency strength.

"With these results, inflation reaches its lowest level since October 2020, which motivates us to continue fostering the economic recovery process and to maintain Peru as one of the strongest economies in the region," he expressed on Monday.

The Cabinet chief stressed that this result is possible thanks to the technical and professional work of the Central Reserve Bank (BCR), which has contributed optimally to controlling inflation and turning the Peruvian Sol into a currency resistant to constant changes at the national and international levels.

It should be noted that inflation in Peru has currently remained in the range of 1%-3% for six consecutive months, consolidating its downward trend.

"This commits and encourages us to continue maintaining a responsible economic policy from the Executive (Branch)," Adrianzen underscored.

The Prime Minister also said these results have a positive impact on the daily lives of families, especially the most vulnerable ones, because their purchasing power remains stable.

"When State-run entities work focused on citizens, positive and tangible results are obtained," Adrianzen pointed out.

"Therefore, we must continue with this effort to maintain attractive macroeconomic variables and attract investments that generate jobs and development opportunities for all Peruvians," he added.


(END) NDP/MCA/JCR/MVB

Published: 10/8/2024