Peru Sees Lowest Inflation Rate in 3 Years at 3.24% for 2023
• Peru's inflation rate for 2023 closed at 3.24%, the lowest annual rate in 3 years • Consumer prices rose 0.41% in December • The 2023 inflation rate is the lowest since 2020 (1.97%) and one of the lowest in Latin America • Peru had started 2023 with an inflation rate of 8.66% in January • Peru is struggling economically with effects of El Niño weather, lower mining investment, and threat of more protests