Latest Breaking News On - Finance minister waldo mendoza - Page 1 : comparemela.com

14:30 | Lima, Jul. 6. Economy and Finance Minister Waldo Mendoza on Tuesday affirmed that Peru has a compensation fund to mitigate the current increase in fuel prices witnessed in the international arena. We have a policy to alleviate international inflation, in such a way that fuel prices across the country will see a slight increase, but it will not be significant because it will be mitigated by this fund, he stated. Mendoza stressed the importance of focusing on headline inflation, that is, on the behavior of prices as a whole.  Fortunately, headline inflation has remained controlled for more than two decades at around 2% and 3% per year. In other countries, such as Argentina, annual inflation stands at 60%, while it stands at 2,000% in Venezuela. Besides, in the 1980s, annual inflation in Peru stood at 7,000%, he explained.

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