Peru: Inflation eases in April
May 4, 2017
Consumer prices for Metropolitan Lima decreased 0.26% in April from the previous month, contrasting March’s 1.30% jump. The figure surprised analysts who had expected a 0.03% monthly increase. April’s reading was the first negative month-on-month variation since November 2014 and came on the back of cooling price pressures as the adverse effects of the floods are slowly receding. Core consumer prices, which exclude energy and food, increased 0.09% in April compared to the previous month (March: +0.84% month-on-month).
In line with the monthly decline, inflation came in at 3.7% in April, easing from March’s 4.0%. Meanwhile, core inflation came in at 2.8% just above March’s 2.7%.