Peru Inflation June 2020

Peru

Peru: Inflation falls to 21-month low in June

July 2, 2020

Consumer prices in Metropolitan Lima fell 0.27% from the previous month in June, contrasting May's 0.20% rise and marking the first monthly fall in prices in 12 months. June’s decline was principally driven by falling food and drink costs, while transport costs continued to fall on lower fuel prices.

Inflation fell to 1.6% in June from 1.8% in May, thus remaining below the midpoint of the Central Bank’s 1.0–3.0% target band for the 10th month running. Meanwhile, the trend levelled off this month, with annual average inflation coming in at 1.9% in June, unchanged from the month prior. Core inflation, however, rose to 1.9% from May’s 1.7%.

FocusEconomics’ analysts forecast inflation to end the year at 1.2%, down 0.2 percentage points from last month’s forecast. Next year, inflation is seen ending the year at 2.1%.


Author:, Economist

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Peru Inflation June 20 20

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


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