Peru Inflation August 2019


Peru: Inflation inched down in August

September 6, 2019

Consumer prices ticked up 0.06% over the previous month in August, following July’s 0.20% month-on-month fall. August’s increase was largely the result of higher prices for transport, communication and recreation more than offsetting lower housing rental costs and diminished prices for fuels and electricity.

Meanwhile, inflation inched down to 2.0% from July’s 2.1%, hitting the midpoint of Central Bank's target range of 2.0% plus or minus 1.0 percentage points. In August, core consumer prices, which exclude energy and food prices, increased 0.2% from the previous month, up from July’s 0.1% uptick. Finally, core inflation in August came in at July’s 2.3%.

Panelists participating in the LatinFocus Consensus Forecast expect inflation to end 2019 at 2.3%, which is unchanged from last month’s projection. For 2020, the panel expects inflation of 2.4%.

Author: Massimo Bassetti, Economist

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Peru Inflation Chart

Peru Inflation August 2019

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

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