Inflation in Peru
Peru - Inflation
Inflation eases further in May
Consumer prices for Metropolitan Lima, Peru decreased 0.4% in May compared to April (April: -0.3% month-on-month), which represented the second consecutive month of decreasing prices. May’s reading surprised market analysts, who had expected consumer prices to be steady at April’s level. The result in May came on the back of falling prices for food and beverages, housing and fuel and electricity. Inflation fell from 3.7% in April to 3.0% in May.
Core consumer prices, which exclude energy and food, increased 0.1% in May compared to the previous month (April: +0.1% mom). Core inflation came in at 2.5%, far below April’s reading of 3.7% and the lowest print since October 2015.
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 2.9%, which is unchanged from last month’s projection. For 2018, the panel expects inflation of 2.6%.
Peru - Inflation Data
|Inflation Rate (CPI, annual variation in %)||3.4||3.7||2.8||3.3||3.6|
5 years of economic forecasts for more than 30 economic indicators.
Peru Inflation Chart
Source: Peru National Statistical Institute and FocusEconomics calculations.
|Bond Yield||5.34||-0.39 %||Jun 16|
|Exchange Rate||3.28||-0.10 %||Jun 16|
|Stock Market||15,859||-0.28 %||Jun 16|
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June 8, 2017
Peru’s trade balance recorded a USD 66 million surplus in April, a strong decrease from the trade surplus of USD 122 million in March (previously reported: USD 76 million) and a ten-month low.
June 8, 2017
At its 8 June meeting, the Central Bank decided to keep the reference rate at 4.00%.
June 2, 2017
The business confidence indicator came in at 54.2 points in May, above both April’s 53.6 points and the 50-point threshold that separates optimistic from pessimistic territory.
June 2, 2017
The consumer confidence indicator published by GfK inched down from 101 points in April to 99 points in May, dipping just below the crucial 100-point threshold and indicating pessimism among the majority of Peruvian consumers.
June 1, 2017
Consumer prices for Metropolitan Lima, Peru decreased 0.4% in May compared to April (April: -0.3% month-on-month), which represented the second consecutive month of decreasing prices.