Peru: Inflation broadly stable in February
March 8, 2019
Consumer prices in Metropolitan Lima increased 0.13% over the previous month in February, slightly up from January’s 0.07% month-on-month rise. February’s increase was largely the result of higher prices for rental housing, fuel and electricity—due to an increase in prices of electricity tariffs and local fees—recreation, cultural and teaching services, and furnishings and household goods.
Meanwhile, inflation inched down to 2.0% from January’s 2.1%. In the second month of 2019, core consumer prices, which exclude energy and food prices, increased 0.2% from the previous month, up from January’s 0.1% rise. Finally, core inflation inched up to 2.6% from January’s 2.5%.
Peru Inflation Forecast
Panelists participating in the LatinFocus Consensus Forecast expect inflation to end 2019 at 2.3%, which is unchanged from last month’s projection. For 2020, the panel expects inflation of 2.4%.