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El Niño to cut Peru agro sector 0.64 pps, hit 19% of consumption basket
La RepúblicaLO·PE·about 22 hours ago
Wholesale food prices in Lima have spiked, with tomatoes nearly doubling, alongside increases in corn, chili, peas, and squash. An expert attributes the rise to transportation and communication route disruptions, while international wheat market volatility adds further upside risk. The development signals localized inflation pressure in Peru, with potential broader implications for food security and monetary policy.