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Peru inflation closes 2021 in a 13-year high by Reuters

© Reuters. PICTURES: Father sells groceries at Surco Market in Lima, Peru August 31, 2018. REUTERS / Mariana Bazo

LIMA (Reuters) – Peru ended 2021 with a rise of 6.43%, the highest risk in 13 years and beyond the end of what the central bank wants, the government said on Saturday.

South America, one of the world’s largest producers of salt, had an annual interest rate of 1% to 3% last year.

According to the National Institute of Statistics and Information (INEI), consumer prices in the city of Lima – seen as a national symbol – were driven by rising prices for food, fuel, transportation and energy by 2021.

The head of Peru’s central bank, Julio Velarde, said in December that the rise in inflation was due to rising inflation and the depreciation of the US dollar.

By 2022, the central bank expects prices to rise in Peru to 2.9%. It also sees an increase in prices of 2.1% in 2023.

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