During the third quarter of 2018, Peruvian GDP registered a year-over-year growth rate of 2.27%, after experiencing a deceleration of 3.15 p.p. compared to the previous quarter. This was due to lower growth in domestic demand, which decelerated by 3.53 p.p. with respect to the previous quarter, standing at 2.74%. As for the labor market, the unemployment rate decreased to a rate of 6.20%, while the employment creation rate decelerated to 0.41%. The Peruvian sol depreciated against the US dollar, reaching an average exchange rate of 3.29 S/./$ in the third quarter of 2018. The inflation rate increased to 1.32%, 0.37 p.p. above that registered in 2Q18.
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