…a breakdown of Peruvian exports by month, 2007 to date.
This chart was part of the section overview on Peru in yesterday’s IKN Weekly. I still fondly remember the days when they told us that Peru wasn’t dependent on mining any longer. Apropos of this, Peru’s export people ADEX (which is run by a dumbass, by the way) told us this weekend that volumes of exports are up 2.9% in the first seven months of the year. However the value of those exports are down by 8% and that even includes all the sugar they’ve been selling at a 243% premium to last year.
Deflation, what deflation?