September 1, 2018 / 5:00 AM / 24 days ago

Peru inflation slows in August, nears bottom of target range

LIMA, Sept 1 (Reuters) - Peru’s consumer price index rose 0.13 percent in August from a month earlier, slowing as a reduction in residential electricity rates stemmed a rise in the price of food, state statistics agency Inei said on Saturday.

The 12-month inflation rate through August slowed to 1.07 percent, down from 1.62 percent registered in the 12 months to July, approaching the bottom of the central bank’s 1 to 3 percent annual target. (Reporting by Teresa Cespedes; Writing by Dave Sherwood; Editing by Sandra Maler)

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