In Peru, the annual rise in the price of oil drives the Food CPI to 1.9% in August

Published 2021년 9월 14일

Tridge summary

The National Institute of Statistics (INE) has reported a year-on-year increase in the CPI in August of 3.3%, driven by a rise in electricity prices. The alcoholic beverages and tobacco sector saw a year-on-year fall in prices. The biggest year-on-year increases were in oils and fats (22.9%), and mineral water, soft drinks, and juices (7.1%). The largest year-on-year decreases were in canned fruits and nuts (-2.7%), and sugar (-1.5%). Fresh vegetables and oils and fats became more expensive in August compared to July, while potatoes and their preparations experienced the greatest drop.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to data released this Tuesday by the National Institute of Statistics (INE), in the general index, the rise in electricity prices led to a 3.3% year-on-year increase in the CPI in August, four tenths more than in July and the highest rate since fall 2012. The prices of the alcoholic beverages and tobacco sector registered a year-on-year fall (-0.2%) and a slight monthly increase of 0.1%. Oil, the product that has appreciated the most, according to the IPC of August 2021. Efeagro Archivo / Sergio Barrenechea In the annual evolution, the increase in oils and fats (22.9%) and that of mineral water, soft drinks and juices (7.1%) stand out. The biggest year-on-year falls have been in the prices of canned fruits and nuts (-2.7%) and in those of sugar (-1.5%). Regarding the monthly evolution, the foods and beverages that became more expensive in August ...

Source: PEefeagro