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, Economist

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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)


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