Peru's CPI Rose in November on Higher Fuel, Electricity Prices

LIMA, Peru—The benchmark consumer-price index increased in November on higher fuel and electricity prices, the Peruvian government said Thursday.

The CPI rose 0.29% in November from the previous month, bringing the annual inflation rate to 3.35%, easing from the five-month high of 3.41% posted last month, national statistics agency INEI said.

In November, fuel, electricity and housing costs rose 1.22%, in part due to higher residential rates charged by the power providers, the government said. Health costs were up 0.36%, while transportation and communications costs rose 0.35%. The food and beverage sector increased 0.22% on higher chicken prices.

The central bank has kept its reference interest rate on hold for most of this year as economic growth remains robust. Inflation has also remained near the upper end of its target range of 1% to 3%.

Peru's gross domestic product is expected to grow about 4% this year, after expanding 3.3% in 2015.

Write to Ryan Dube at [e-mail]

(END) Dow Jones Newswires

December 01, 2016 00:25 ET (05:25 GMT)

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