Peru Inflation

Peru

Peru: Inflation increases in March

April 2, 2015

Consumer prices for Metropolitan Lima in March increased 0.76% over the previous month, which followed the 0.30% rise registered in February. The result overshot market expectations of a 0.60% increase. The increase was broad-based, as all eight components of the index gained ground in March. The largest increase was recorded in the education category, followed by transport and communication.

Annual headline inflation increased from 2.8% in February to 3.0% in March. Consequently, inflation held within the upper limit of the Central Bank’s target of 2.0%, plus/minus 1.0 percentage point.

In its January quarterly inflation report, the Central Bank indicated that it expects inflation between 1.5% and 2.5% in both 2015 and 2016. LatinFocus Consensus Forecast panelists expect inflation to end 2015 at 2.6%, which is unchanged from last month’s projection. For 2016, the panel expects inflation of 2.7%.


Author:, Economist

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Peru Inflation March 2015

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


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