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Peru Prices Slow Much More Than Forecast Back Into Target Range [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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Most Read from Bloomberg Tesla Axes Supercharger Team in Blow to Broader EV Market NYPD Arrests Over 300 Protesters in Crackdown on College Campuses Fed to Signal Delay of Interest-Rate Cuts The Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire Economy Lilly Soars as Forecast Boost Shows Weight-Loss Drugs' Power Consumer prices in Lima rose 2.42% from the same month a year earlier, compared with the 2.72% median estimate of economists surveyed by Bloomberg. On the month, prices fell 0.05% compared with the median estimate for a 0.25% rise. Peru's central bank maintains an inflation target band of 1% to 3%. Peruvian inflation had exceeded that band since May 2021 and has finally cooled to within the target range. The bank, led by President Julio Velarde, surprisingly cut interest rates in April despite a higher-than-expected inflation print in March, forecasting that annual consumer price increase will actually ease to 2% in coming months. That comes
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