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.
Author: Carl Kelly, Economist