Peru: Inflation remains unchanged in May
June 3, 2021
Consumer prices increased 0.27% from the previous month in May, contrasting the 0.10% fall logged in April. May’s figure was mainly driven by rebounding food and beverages costs and a steeper rise in transport prices.
Inflation remained unchanged in May, coming in at April’s 2.4% reading. Similarly, the trend was unchanged, with annual average inflation coming in at April's 2.1% in May, while core inflation was also stable, coming in at 1.8% in May, thus matching the previous month’s print.
Author: Stephen Vogado, Economist