Peru Inflation

Peru

Peru: Inflation moderates again in February

March 2, 2015

Consumer prices for Metropolitan Lima in February increased 0.30% over the previous month, which followed the 0.17% rise registered in January. The result was in line with market expectations. The higher print in February mainly reflected an increase in prices for food and beverages, as well as for healthcare. In contrast, prices for transport and communications fell amid low fuel prices.

Annual headline inflation receded from 3.1% in January to 2.8% in February. Consequently, inflation is back 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 February 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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