Peru's Annual Inflation Hits 5.25% Amid Rising Bonito Fish Prices
1 report, 1 independent
Updated Mon 00:00
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What happened
Peru's annual inflation reached 5.25% in October, marking the first reading above 5% since September 2023. In Lima Metropolitana, prices rose 0.57% in October, contributing to a 5.25% increase over twelve months. Bonito fish prices in Lima rose by 26.9%, while mackerel increased by 17.5%.
From riotimesonline.com
Why it matters
The inflation rise is linked to food prices, which increased 6.00% over twelve months, with food and non-alcoholic drinks rising 1.62% in Lima during October. The National Statistics Institute attributes the higher fish prices to unusual waves and warmer seawater moving species away from the coast.
From riotimesonline.com