Inflation in Peru

Peru Inflation | Economic News & Forecasts

Peru - Inflation

Inflation edges up in July

Consumer prices in Metropolitan Lima swung to a 0.2% rise over the previous month in July from a 0.2% decline in June. The increase came after three consecutive months of falling prices and was caused by a rise in food and beverages prices, which largely stemmed from an uptick in fruit prices brought about by lower seasonal production and the effects of the coastal El Niño. Higher prices for leisure, fun and cultural services, and housing, fuel and electricity also contributed to the reversal.

Mirroring the upturn in consumer prices, inflation rose marginally to 2.9% in July after falling to an almost one-year low of 2.7% in June.

Moreover, core consumer prices, which exclude energy and food, increased 0.2% in July compared to the previous month (June: +0.2% month-on-month). Nonetheless, contrary to this upward trend, core inflation registered a drop to 2.4% in July from 3.0% in June.

The Central Bank expects inflation to end 2017 between 2.0% and 2.5% and 2018 between 2.0% to 2.2%. Panelists participating in the LatinFocus Consensus Forecast expect inflation to end 2017 at 2.7%, which is down 0.1 percentage points from last month’s projection. For 2018, the panel also expects inflation of 2.7%.

Peru - Inflation Data

2012  2013  2014  2015  2016  
Inflation Rate (CPI, annual variation in %)3.7  2.8  3.3  3.6  3.6  

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Peru Inflation Chart

Peru Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Peru National Statistical Institute and FocusEconomics calculations.

Peru Facts

Bond Yield5.34-0.06 %Aug 01
Exchange Rate3.24-0.08 %Aug 01
Stock Market16,8440.56 %Aug 01

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