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Peru Achieves Economic Stability: 2023 Inflation Rate Holds Steady at 3.24 percent

Lima, January 02, 2024, The Europe Today: Peru concluded the year 2023 with an inflation rate of 3.24%, marking the lowest annual rate in three years, as per official data released on Monday. This figure reflects a marginal rise in consumer prices in December, offering a modest uplift for the country amidst its ongoing economic recession.

Initially projected at 3.8%, the central bank adjusted its inflation forecast for 2023 to 3.1% last month, prompted by a series of promising inflationary indicators signaling a faster-than-expected recovery.

This data underscores the resilience of Peru’s economic landscape amid challenging circumstances, providing a glimmer of optimism for the nation’s financial outlook.