Peruvian inflation slows

Peru's inflation rate slowed to 0.11 percent in November, the slowest monthly pace since January, the government said on Saturday. Prices rose less than a 0.31 percent rise in October, but came in above a price drop of 0.28 percent in November 2006.
On Friday, Julio Velarde, Peru's central bank president, said inflation this year should rise slightly to more than 3 percent, which is the ceiling of the central bank's inflation target range.