Peru: Inflation declines in May
Inflation came in at 7.9% in May, which was down from April’s 8.0%. Softer increases in prices for restaurants and hotel and transportation were behind the deceleration. That said, the print remained above the Central Bank’s 1.0%-3.0% target range for the 24th consecutive month.
Annual average inflation dipped to 8.4% in May from 8.5% in April. Lastly, consumer prices increased 0.32% over the previous month in May, below the 0.56% increase logged in April.