Peru: Inflation moderates in January
February 2, 2015
Consumer prices for Metropolitan Lima in January increased 0.17% over the previous month, which was below the 0.23% rise registered in December but above the 0.12% increase expected by the market. The lower print in January reflected a steep drop in prices for transport amid falling fuel prices, which was offset by higher prices for food and beverages.
Annual headline inflation inched down from 3.2% in December to 3.1% in January. However, inflation remains just above the upper limit of the Central Bank’s target of 2.0%, plus/minus 1.0 percentage point.
Author: Carl Kelly, Economist