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.
Author: Carl Kelly, Economist