Peru: Inflation inches up in October
September 27, 2013
In September, the consumer confidence indicator published by APOYO Consultoria remained unchanged at the 50 points observed in August, marking the lowest level recorded since May 2010. Consumer sentiment remains in neutral territory, resting on the 50-point threshold that separates optimism from pessimism.
The print, which contrasts the historically high levels reached earlier this year, reflects a deterioration in consumers' inflation expectations as well as their more pessimistic views on developments in the labor market. On a positive note, the September survey showed an improvement in consumers' views of the overall economic situation as well as of their own family situation, which offset the negative results detailed previously. Thus, the indicator remains on the fine line between optimistic and pessimistic sentiment.
FocusEconomics Consensus Forecast panelists expect total consumption to expand 5.9% this year, which is unchanged from last month's estimate. For 2014, panelists expect total consumption to grow 5.5%, which is down 0.2 percentage points from last month's projection.