Peru Central Bank Hikes Rate After 14-Month Hold as Inflation Exceeds Target
Published 4 h ago5 sourcesEvidence: Reported
Peru's minimum wage of S/1,230 is S/618 below the basic consumption basket for a family of four, estimated at S/1,848 by INEI. Food prices in Lima rose over 24% in October, worsening the gap. This highlights inflationary pressure and potential social unrest, but no policy change is announced.
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