Economic News

Utility prices led to a higher inflation than expected in 2015

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The Peruvian National Institute of Statistics and Information - INEI, reported an inflation rate of 4.4% for 2015, a figure above the maximum goal level of annual inflation set at 3% by the Central Bank.

According to the INEI, the main responsible for this result were the higher prices of electricity and water. Other items that also contributed were an increase in the sector of food and beverages due to adverse weather conditions production. Likewise, the health sector also saw an increase in prices in some medications such as analgesics, antihistamines, medical services and costs of hospitalization.

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