Peru Inflation


Inflation rises to three-month high in September

In September, consumer prices for Metropolitan Lima rose 0.54% over the previous month, which was slightly above the 0.51% increase observed in August and exceeded market expectations of a 0.45% increase. The monthly jump reflected higher prices for food and beverages as well as for healthcare. As a result of the monthly increase, annual headline inflation rose from 3.5% in August to 3.7% in September, which represents the highest level since June. Inflation remains above the upper tolerance margin of the Central Bank's target of 2.0% plus/minus 1.0 percentage points. The Central Bank expects inflation to fall to 3.0% by the end of the year. For 2013, the Bank sees inflation falling further within a range of 1.5% and 2.5%.

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Peru Inflation Chart

Peru Inflation September 2012

Note: Month-on-month and year-on-year changes of consumer price index in %.
Source: Peru National Statistical Institute (INEI) and FocusEconomics calculations.

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