Peru | Cost of living, lack of credibility and protests

Summary

The strong protests mainly reflect two factors. The first is the rising cost of living due to rising food and fuel prices. The second is the lack of credibility and leadership to communicate and explain the reasons for the price increase

Key points

• Key points:
• It is important to clarify that the acceleration of inflation is explained by external factors. Unfortunately, due to the war in Ukraine, the normalization of these international prices will take a little longer
• The measures to mitigate the loss of well-being generated by these price increases must continue to focus on the most vulnerable sectors of the population, who are the most exposed
• It is necessary for the authorities to regain credibility in their explanations and announcements of measures to deal with this situation

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