During the first quarter of 2018, Peruvian GDP registered a year-over-year growth rate of 3.09%, after experiencing an acceleration of 0.81 p.p. compared to the previous quarter. This was due to higher growth in domestic demand, which accelerated by 0.16 p.p. with respect to the previous quarter, standing at 4.19%. As for the labor market, the unemployment rate grew to a rate of 8.07%, while the employment rate slowed down to 0.38%. The Peruvian sol appreciated against the US dollar, reaching an exchange rate of 3.24 S/./$ in the first quarter of 2018. The inflation rate decreased to 0.93%, 0.72 p.p. below that registered in 4Q17.
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