Peru Inflation July 2019

Peru

Peru: Inflation declines further in July

August 8, 2019

Consumer prices rose 0.20% over the previous month in July, contrasting June’s 0.09% month-on-month fall. July’s increase was largely the result of higher prices for food and transport.

Meanwhile, inflation declined to 2.1% from June’s 2.3%, grazing the midpoint of the Central Bank's target range of 2.0% plus or minus 1.0 percentage points. Core inflation, which exclude energy and food prices, eased to 2.1% from 2.3% in June.

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%.


Author:, Economist

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Peru Inflation July 2019 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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