Peru Inflation March 2021

Peru

Peru: Inflation rises in March

April 8, 2021

Consumer prices increased 0.84% in March over the previous month, swinging from the 0.13% fall recorded in February. March's figure marked the sharpest increase in prices since March 2017, and was predominantly driven by a spike in food and beverage prices.

Inflation inched up to 2.6% in March, slightly above February’s 2.4%. Meanwhile, annual average inflation edged up to 2.0% in March (February: 1.9%), while core inflation ticked up to 1.7% from the previous month's 1.6%.

FocusEconomics’ analysts forecast inflation to end 2021 at 2.0%, unchanged from last month’s forecast, and end 2022 at 2.2%.


Author:, Economist

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Peru Inflation March 2021

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


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