LIMA -- Peru's INEI reported that consumer price inflation in June was 0.3% month-on-month, higher than the median market estimate of 0.2% mom.
The main driver of inflation was housing prices, which added 0.15 percentage points to headline CPI
followed by higher gas and potable water prices.
In annual terms, inflation rose to 3.5% from 3.4% in May.
This, too, was higher than the consensus’ forecast of 3.4%.
INEI also published its monthly bulletin of advanced economic activity indicators for May.
Mining sector growth was 1.5% yoy, while internal cement consumption, a proxy for the construction sector, fell 7.1% yoy. As a reference, the mining sector expanded 9.4% yoy and the construction sector fell 3.8% yoy in April.
INEI did not publish data on the manufacturing sector.