LIMA, Sept 15 (Reuters) - Peru's gross domestic product (GDP) shrank 1.29% in July from the same month last year, the government's INEI statistics agency said on Friday, landing well below analysts' expectations.

Analysts polled by Reuters had forecast a median estimate of 0.20% growth. (Reporting by Marco Aquino and Aida Pelaez Fernandez; Editing by Isabel Woodford)