Peru Inflation February 2018

Peru

Peru: Inflation reaches fresh multi-year low in February

March 12, 2018

Consumer prices in Metropolitan Lima increased 0.25% in February on a monthly basis, above January’s 0.13% rise. February’s increase was mainly the result of higher prices for rental housing, fuels and electricity and education and culture. On the other hand, lower prices were recorded for fruit. The increase in the prices for housing, fuel and electricity was again due to an increase in tariffs for residential electricity.

Meanwhile, inflation continued to moderate. It dropped to 1.2% in February from 1.3% in January, the lowest since May 2010. In February core consumer prices, which exclude energy and food, increased 0.1% from the previous month, down from January’s 0.2% rise. Finally, core inflation inched down to 2.2% from January’s 2.3%.

Peru Inflation Forecast


The Central Bank expects inflation to end 2018 at 2.0%. Panelists participating in the LatinFocus Consensus Forecast expect inflation to end 2018 at 2.8%, which is up 0.1 percentage points from last month’s projection. For 2019, the panel expects inflation of 2.7%.


Author: Massimo Bassetti, Economist

Sample Report

Looking for forecasts related to Inflation in Peru? Download a sample report now.

Download

Peru Inflation Chart


Peru Inflation February 2018

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


Peru Economic News

  • Peru: Economic activity growth cools in January

    March 15, 2019

    Economic activity expanded 1.6% year-on-year in January, decelerating sharply from December’s strong 4.7% increase and marking the weakest reading in over one year. Growth came on the back of resilient consumer spending, as well as a strong expansion in non-traditional exports.

    Read more

  • Peru: Inflation broadly stable in February

    March 8, 2019

    Consumer prices in Metropolitan Lima increased 0.13% over the previous month in February, slightly up from January’s 0.07% month-on-month rise.

    Read more

  • Peru: Trade surplus narrows in January on falling exports

    March 8, 2019

    Peru’s trade balance recorded a USD 374 million surplus in January, narrowing from December’s USD 1.1 billion surplus and lower than the USD 684 million surplus recorded in the same month of last year. Exports declined 6.2% year-on-year in January, following December’s sharper 7.4% fall.

    Read more

  • Peru: Consumer confidence surges in February

    March 8, 2019

    The consumer confidence indicator published by GfK jumped to 104 in February from 93 in January, marking the best result in over two years.

    Read more

  • Peru: Business confidence moves further into optimistic territory in February

    March 8, 2019

    The business confidence indicator ticked from January’s 58.0 to 59.0 in February, and thus moved further above the 50-point threshold that separates optimism from pessimism, where it has been for almost two years. A broad-based albeit limited improvement in short- and longer-term expectations was behind the positive development.

    Read more

More news

Search form