Peru Inflation November 2020

Peru

Peru: Inflation rises to 16-month high in November

December 1, 2020

Consumer prices in Metropolitan Lima increased 0.52% in November over the previous month, jumping from October's 0.02% rise. November’s uptick was mainly caused by rising food and beverage, and housing and utility prices.

Inflation jumped to 2.1% in November from 1.7% in October, the highest reading since June 2019. However, the trend was unchanged for the fifth month running, with annual average inflation coming in at 1.8% in November. Lastly, core inflation was ticked up marginally, coming in at 1.8% in November from 1.7% in October.

FocusEconomics’ analysts forecast inflation to end 2021 at 1.8%, up 0.1 percentage points from last month’s forecast, and end 2022 at 2.1%.


Author:, Economist

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Peru Inflation November 20 20 1

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


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