秘鲁通胀进一步上升 · 全球经济

关键论点

• 年率4.6%连续第六个月高于BCRP目标，但9月环比0.12%与市场预期（0.14%）基本一致。
• 年率上行部分源于统计基数效应，因2025年9月月度通胀为0.0%。
• 核心通胀年率持平于4.5%，但剔除交通的核心指标为1.8%，位于目标区间内且低于中点。
• 交通、餐饮和酒店推升月度读数，食品和非酒精饮料因肉类价格回落部分抵消。

对应原文证据

1. As a result, annual inflation increased from 4.4% in August to 4.6% y/y in September, remaining above the BCRP’s target range (1% –3%) for the sixth consecutive month.
2. Moreover, over the past five months, from May to September, monthly inflation readings have remained broadly in line with their historical averages of the last 20 years, excluding the pandemic period, and in some cases have even been below those levels (chart 1).
3. Regarding core inflation, prices increased by 0.07% in September, while the annual rate remained unchanged at 4.5%.