Peru Inflation April 2021

Peru

Peru: Inflation declines to lowest level since December 2020 in April

May 7, 2021

Consumer prices dropped 0.10% in April over the previous month, contrasting March's 0.84% rise. April’s figure was mainly driven by a fall in food and beverage prices.

Inflation ticked down to 2.4% in April, easing slightly from March’s 2.6%. April's figure marked the lowest inflation rate since December 2020. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 2.1% in April (March: 2.0%), while core inflation ticked up to 1.8% in April from the previous month's 1.7% increase.

FocusEconomics’ analysts forecast inflation to end 2021 at 2.2%, up 0.2 percentage points from last month’s forecast, and end 2022 at 2.2%.


Author:, Economist

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Peru Inflation April 2021

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


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