Peru Inflation December 2016

Peru

Peru: Inflation at three-month low in December

January 5, 2017

Consumer prices for Metropolitan Lima, Peru increased 0.33% in December from the previous month, which was above the 0.29% rise registered in November and in line with market analysts’ estimate. According to the National Statistical Institute (INEI), the increase was driven by higher prices for fuel and electricity.

Inflation edged down from 3.3% in November to 3.2% in December, 0.2 percentage points above the Central Bank’s upper limit of 3.0%.

Consensus paragraph: The Central Bank expects inflation to end 2017 between 2.0% and 2.5% and 2018 within a range of 2.0% to 2.2%. Panelists participating in the LatinFocus Consensus Forecast expect inflation to end 2017 at 2.8%, which is unchanged from last month’s projection. For 2018, the panel expects inflation of 2.7%, which is also unchanged from last month’s estimate.


Author: Marlène Rump, Economist

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Peru Inflation December 2016 0

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


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