Peruvian Currency

Note of the Publisher: Inflation in the economy and appreciation of the Peruvian currency. At first sight, the government considers the inflation there a consequence raises of it world-wide in foods. Fitch lifted the note to him. Their commentaries a can send me: Although Peru Grows, the Popularity of Alan Garci’a Surely Will fall Buenos Aires, Argentina 3 of April of 2008 If there are two aspects that are bothering to the Peruvian town by these times they are the inflation and the appreciation of its currency. To such point it is the misfortune that it generates to them that in spite of the growth and strength that the economy of Peru shows (even yesterday, the projections of growth for this year were reviewed to the rise), the approval of the management of the government of Alan Garci’a is in its minimum. Inflation in the month of March was of 1.04%, consequently, the rate inflation of last the 12 months promotes to 5.55% It is for worrying? The first impression that one can have is that no, that does not seem so worrisome east inflation level.

More in my case than, like Argentinean, I coexist with a rate real inflation several times greater. And after to read the declarations of minister of Economy and Finanzas, Luis Carranza being said: the dangerous thing would be if this increase of prices occurs of generalized way and that it is outside control, but that is not happening and I am not going to pass What she is happening is a phenomenon of greater inflation anywhere in the world, essentially through the subject of foods, has left the impression that either is no too much preoccupation from the government. It is not that to the Peruvian government it does not worry to him that is major inflation, but understands that the perspective tend to improve: Vemos deceleration international level, that is happening because the speculative flow that occurred in the wheat, product maize, soybean and bags during January and February already is being deflated in March and that is very positive, said Carranza.