Peru: Inflation inches up in February
March 2, 2017
Consumer prices for Metropolitan Lima increased 0.32% in February from the previous month, which was above the 0.24% rise registered in January and marginally above market analysts’ estimate of a 0.31% increase. According to the National Statistical Institute (INEI), the monthly change in prices was largely driven by higher prices for food and drinks. Core consumer prices, which exclude energy and food, increased 0.23% in February compared to the previous month (January: +0.21% month-on-month).
Inflation edged up from 3.1% in January to 3.2% in February. Meanwhile, core inflation came in at 3.2%, the lowest result in over two years (January: 3.6%).