Peru: Inflation edges down in July
August 1, 2014
Consumer prices for Metropolitan Lima increased 0.43% over the previous month in July, which was up from the 0.16% rise registered in June. The print came in above the 0.38% increase the market had expected. The increase was broad-based, as all eight components of the index gained ground in July. The largest expansions were recorded in food and beverages, and in the transportation and communications category.
Annual headline inflation edged down from 3.4% in June to 3.3% in July, which marks the lowest rate since January of this year. However, inflation is still above the upper limit of the Central Bank’s target of 2.0%, plus/minus 1.0 percentage point.
Author: Carl Kelly, Economist