Peru: Inflation inches up in May
June 3, 2014
Consumer prices for Metropolitan Lima increased 0.23% over the previous month in May, which was down from the 0.39% rise registered in April. The print came in just above the 0.18% increase the market had expected. The increase was broad-based as seven of eight components of the index gained ground in May. The largest expansions were recorded in food and beverages and in clothing and footwear.
Annual headline inflation inched up from 3.5% in April to 3.6% in May. Inflation is still above the upper limit of the Central Bank’s target of 2.0% plus/minus 1.0 percentage points.
Author: Carl Kelly, Economist