September 1, 2017 / 5:01 AM / a year ago

Peru consumer price index rises 0.67 pct in August

LIMA, Sept 1 (Reuters) - Peru’s consumer price index rose 0.67 percent in August on higher rent, fuel and electricity costs, marking the second straight positive reading, state statistics agency Inei said on Friday.

The official rise in the index, which tracks prices in Lima and is used by the central bank to guide monetary policy, was higher than the 0.55 percent analysts forecast in a Reuters poll.

The annual inflation rate rose to 3.17 percent, above the central bank’s 1 to 3 percent target band. The consumer price index has risen 1.9 percent so far this year, Inei said.

Consumer prices fell in Peru from April to June following a sharp spike earlier in the year in the wake of severe flooding. (Reporting by Mitra Taj; Writing by Luc Cohen; Editing by Amrutha Gayathri)

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