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LatinNews Regional Monitor: Andean Group - 2 January 2018

In brief: Peru

Peru: The national statistics institute (Inei) has reported that Peru’s national inflation rate at year-end 2017 was 1.36%, significantly lower than the 3.23% year-end inflation registered in 2016. According to an Inei report, the 2017 year-end inflation rate was the lowest recorded by the country since 2009 and one of the lowest inflation rates in all of Latin America. Notably, Peru’s national inflation rate was well within the central bank’s target range of 1%-3% and below the consensus forecast of 1.4%.