Peru Inflation August 2018

Peru

Peru: Inflation drops in August

September 3, 2018

Consumer prices in Metropolitan Lima increased 0.13% month-on-month in August, below July’s 0.38% rise. August’s increase was largely the result of higher prices for food and beverages as well as for leisure and cultural and teaching services.

Meanwhile, inflation slid to 1.1% in August from 1.6% in July. In August, core consumer prices, which exclude energy and food prices, increased 0.1% from the previous month, slightly below July’s 0.2% rise. Finally, core inflation dipped from 2.4% in July to 2.0% in August, a near eight-year low.

The Central Bank expects inflation to end 2018 at 2.0%. Panelists participating in the LatinFocus Consensus Forecast expect inflation to end 2018 at 2.2%, which is unchanged from last month’s projection. For 2019, the panel expects inflation of 2.4%.


Author:, Economist

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Peru Inflation August 2018 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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