Protests in Peru will generate temporarily higher inflation in January

The most tragic day of protests in Peru leaves at least 14 dead 1:25

(CNN) --

Protests and social unrest in Peru will cause a small temporary increase in inflation in the South American country for the month of January, Peru's Finance Minister Alex Contreras told TV Peru on Monday.

Contreras told TV Peru that inflation for the month of January could be between 8.8 and 8.9% year-on-year.

“Despite the context, [companies] trust Peru and many want to continue increasing their participation.

I repeat, mineral prices are a factor that makes our mining [industry] more competitive than ever,” Contreras said.

Meanwhile, the Arequipa airport, the aviation hub of the country's second-largest city, will remain closed until at least this Wednesday, according to a statement from the country's airport authority.

• Government of Peru sends protest notes to the embassies of Bolivia and Colombia for comments by presidents Arce and Petro on the crisis in the country

Also the tourist spot Machu Picchu remains closed until further notice, according to the site's official account, while the nearby city of Cusco will lose the income it would normally generate during the Easter holiday week if the protests do not subside, the president said. from the city's Chamber of Tourism to the Peruvian newspaper El Comercio.

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In Puno, the Juliaca carnival, one of the longest celebrations in southern Peru, has been called off due to ongoing social unrest in the region, Peru's state news agency Andina reported on Tuesday.

The carnival was expected to start on February 22.

Crisis in Peru