Weekly Report - 8 November 2007 (INNS 1741-7422)

BOLIVIA-PERU | Inflation still climbing. Inflation in Bolivia increased by 1.25% in October, according to the national statistics institute (INE), meaning that accumulated inflation for the first 10 months of the year, at 9.68%, is not far short of triple the forecast of 3.7% for the entire year and far higher than the revised target of 6% set by the central bank back in July. Inflation was driven by rising food and drink prices, which were up by 2.46% in October. It was a similar story in Peru where consumer prices rose by 0.31% in October, pushed by food and drink prices, which were up by 0.54%. Accumulated inflation for the first 10 months of the year was 3.34%, close to the annual target of 3.5%.

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