Peru: Inflation eases further in May
June 1, 2017
Consumer prices for Metropolitan Lima, Peru decreased 0.4% in May compared to April (April: -0.3% month-on-month), which represented the second consecutive month of decreasing prices. May’s reading surprised market analysts, who had expected consumer prices to be steady at April’s level. The result in May came on the back of falling prices for food and beverages, housing and fuel and electricity. Inflation fell from 3.7% in April to 3.0% in May.
Core consumer prices, which exclude energy and food, increased 0.1% in May compared to the previous month (April: +0.1% mom). Core inflation came in at 2.5%, far below April’s reading of 3.7% and the lowest print since October 2015.
Author: Jan Lammersen, Economist