Peru Inflation June 2017

Peru

Peru: Inflation eases further in June

July 3, 2017

Consumer prices for Metropolitan Lima decreased 0.2% in June compared to May (May: -0.4% month-on-month). The result in June came on the back of falling prices for food and beverages, and transport and communication. Inflation fell from 3.0% in May to 2.7% in June, the lowest level in almost a year.

Core consumer prices, which exclude energy and food, increased 0.2% in June compared to the previous month (May: +0.2% mom). Core inflation came in at 3.0%, below May’s reading of 3.1%.

The Central Bank expects inflation to end 2017 between 2.0% and 2.5% and 2018 between 2.0% to 2.2%. Panelists participating in the LatinFocus Consensus Forecast expect inflation to end 2017 at 2.8%, which is unchanged from last month’s projection. For 2018, the panel expects inflation of 2.7%.


Author:, Economist

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Peru Inflation June 2017

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


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