Inflation in Peru
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
|Inflation Rate (CPI, annual variation in %)||3.7||2.8||3.3||3.6||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||-0.06 %||Aug 01|
|Exchange Rate||3.24||-0.08 %||Aug 01|
|Stock Market||16,844||0.56 %||Aug 01|
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August 3, 2017
Peru’s trade balance recorded a USD 582 million surplus in June, far exceeding May’s USD 320 million surplus and a rebound from the USD 185 million trade deficit recorded in the same month of last year.
August 3, 2017
The business confidence indicator came in at 54.8 points in July, above June’s 53.1 points, moving further above the 50-point threshold that separates optimistic from pessimistic territory.
August 1, 2017
Consumer prices in Metropolitan Lima swung to a 0.2% rise over the previous month in July from a 0.2% decline in June.
August 1, 2017
The consumer confidence indicator published by GfK inched up to 98 in July from 97 in June, moving closer to the critical 100-point threshold which separates pessimism from optimism among Peruvian consumers.
July 14, 2017
Economic activity expanded 3.4% over the same month last year in May, the second highest pace of expansion this year and marked a substantial acceleration from April’s 0.2% rise.