Peru: Inflation edges down in June
July 1, 2014
Consumer prices for Metropolitan Lima increased 0.16% over the previous month in June, which was down slightly from the 0.23% rise registered in May. The print also came in below the 0.20% increase the market had expected. The moderate increase was broad-based as seven of eight components of the index gained ground in June. The largest expansions were recorded in health services, and in the food and beverages category.
Annual headline inflation edged down from 3.6% in May to 3.4% in June. However, inflation is still above the upper limit of the Central Bank’s target of 2.0% plus/minus 1.0 percentage points.
Author: Carl Kelly, Economist