Peru Inflation November 2016

Peru

Peru: Inflation edges down in November

December 2, 2016

Peruvian consumer prices for Metropolitan Lima increased 0.29% in November from the previous month, which was below the 0.41% rise registered in October and broadly in line with the 0.30% increase expected by market analysts. According to the National Statistical Institute (INEI), the increase was boosted by higher prices for fuel and electricity.

Inflation edged down from 3.4% in October to 3.3% in November—the third consecutive month in which was above the Central Bank’s upper limit of 3.0%.

Consensus paragraph: The Central Bank indicated that it expects inflation to be between 2.6% and 3.1% in 2016 and between 2.0% and 2.2% in 2017. Panelists participating in the LatinFocus Consensus Forecast expect inflation to end 2016 at 3.1%, which is up 0.1 percentage points from last month’s projection. For 2017, the panel expects inflation of 2.8%, which is unchanged from last month’s estimate.


Author: Marlène Rump, Senior Data Analyst

Sample Report

Looking for forecasts related to Inflation in Peru? Download a sample report now.

Download

Peru Inflation Chart


Peru Inflation November 2016 0

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


Peru Economic News

  • Peru: Economic activity growth picks up in February

    April 15, 2019

    Economic activity expanded 2.1% year-on-year in February, picking up some pace from January’s subdued 1.6% increase, which had marked the weakest reading in over one year.

    Read more

  • Peru: Central Bank stands pat at March meeting

    April 12, 2019

    At its monetary policy meeting on 11 April, the Central Bank of Peru (BCRP) kept the policy interest rate unchanged at an eight-year low of 2.75%, matching market expectations.

    Read more

  • Peru: Consumer confidence plummets in March

    April 6, 2019

    The consumer confidence indicator published by GfK tumbled to 94 in March from 104 in February, which had marked the best result in over two years.

    Read more

  • Peru: Trade surplus narrows further in February on dwindling exports

    April 5, 2019

    Peru’s trade balance recorded a USD 326 million surplus in February, narrowing from January’s USD 449 million surplus and also lower than the USD 552 million surplus recorded in the same month of last year. Exports declined 3.8% year-on-year in February, due to a drop in prices, following January’s sharper 4.1% fall.

    Read more

  • Peru: Businesses grow more optimistic in March

    April 5, 2019

    The business confidence indicator rose from February’s 58.5 to 59.6 in March, and thus moved further above the 50-point threshold that separates optimism from pessimism, where it has been for almost two years. March’s improvement came chiefly on the back of better prospects on the general economic situation, as well as on demand prospects.

    Read more

More news

Search form