LIMA, March 1 (Reuters) - Consumer prices in Peru rose 0.3 percent in February as the annual inflation rate returned to within the central bank’s target range, state statistics agency Inei said on Sunday.
The price index for metropolitan Lima, which Peru’s central bank uses to guide monetary policy, rose 0.47 percent in the first two months of 2015.
Rising food costs drove inflation in February, Inei said, partly compensated for by lower oil prices.
The annual rate in February fell to 2.77 percent from 3.07 in January.
The central bank, which cut the benchmark interest rate in January to encourage growth, aims to keep the annual rate between 1 and 3 percent.
Feb Jan Feb 2014 Monthly rate +0.30 +0.17 +0.60 12-month rate +2.77 +3.07 +3.78
Reporting by Teresa Cespedes; Editing by Richard Borsuk