During the second quarter of 2018, Peruvian GDP registered a year-over-year growth rate of 5.42%, after experiencing an acceleration of 2.33 p.p. compared to the previous quarter. This was due to higher growth in domestic demand, which accelerated by 2.08 p.p. with respect to the previous quarter, standing at 6.27%. As for the labor market, the unemployment rate decreased to a rate of 6.22%, while the employment rate accelerated to 0.95%. The Peruvian sol depreciated against the US dollar, reaching an exchange rate of 3.26 S/./$ in the second quarter of 2018. The inflation rate increased to 0.95%, 0.02 p.p. above that registered in 1Q18.
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