May 11, 2018 / 5:59 PM / a year ago

Peru economic growth likely picked up in March and April-cenbank

LIMA, May 11 (Reuters) - Peru’s central bank said on Friday that year-on-year economic growth likely accelerated in March and April from the first two months of the year, citing data showing increases in sales tax and consumption of electricity and cement.

Peru’s economy grew by 2.8 and 2.9 percent year-on-year in January and February, respectively.

Tax hikes on sodas, cigarettes, alcohol and polluting cars introduced by the government this week are not expected to have a big impact on inflation, Jorge Estrella, the bank’s chief of economic studies, added to reporters on a conference call.

Reporting By Mitra Taj and Teresa Cespedes Editing by Chizu Nomiyama

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