Central Reserve Bank Governor Julio Velarde on Tuesday affirmed that Peru has recorded the 2.6% average annual
so far this century, being the second lowest in Latin America.
"The
inflation we have registered in this century is the lowest in Latin America, excluding El Salvador. What's interesting is that it is even lower than those of the countries which had adopted the U.S. Dollar as their currency, such as Ecuador and Panama," Velarde pointed out.
He noted that —even if the
underlying inflation (which does not take into account energy products or foodstuffs) were considered— Peru would register an index of 2.1%. Thus, it would be the lowest one in the region.
Between 2001 and 2018, the average annual inflation rates in some Latin American countries were the following: Brazil (6.5%), Uruguay (6.3%), Ecuador (6%), Guatemala (5.6%), Colombia (4.8%), Mexico (4.4%), Chile (3.2%), Panama (2.7%), and El Salvador (2.5%).
(END) CNA/MVB