Peru: Inflation remains stable in April
May 1, 2016
Consumer prices for Metropolitan Lima remained virtually unchanged in April, increasing only 0.01% over the previous month, which was below the 0.60% rise registered in March and below the 0.14% increase expected by market analysts. While prices for eggs and meals consumed in restaurants increased in April, prices for potatoes, electricity and poultry decreased. April’s monthly increase was the lowest in 17 months.
Inflation eased from 4.3% in March to 3.9% in April and remained above the upper limit of the Central Bank’s target of 2.0% plus/minus 1.0 percentage points for the twelfth consecutive month.
The core consumer price index, which excludes volatile items such as fresh food and fuels, rose 0.2% month-on-month in April (March: +0.7% month-on-month). Finally, core inflation fell from March’s 4.2% to 4.0% in April.