Peru Inflation

Peru

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.

In its April quarterly inflation report, the Central Bank indicated that it expects inflation of between 2.5% and 3.0% in 2014 and between 1.5% and 2.5% in 2015. LatinFocus Consensus Forecast panelists expect inflation to end 2014 at 2.7%, which is unchanged from last month’s projection. For 2015, the panel expects inflation of 2.5%.


Author:, Economist

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Peru Inflation Chart


Peru Inflation June 2014

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


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