Peru Inflation October 2018

Peru

Peru: Inflation rises to one-year high in October

November 9, 2018

Consumer prices in Metropolitan Lima increased 0.08% month-on-month in October, down from September’s 0.19% rise. October’s increase was largely the result of higher prices for transport and communication—due to an increase in prices of vehicle fuels—and health care.

Meanwhile, inflation increased to a one-year high of 1.8% in October from 1.3% in September. In October, core consumer prices, which exclude energy and food prices, increased 0.1% from the previous month, matching September’s rise. Finally, core inflation rose from September’s 2.4% to 2.5% in October, a one-year high.

Panelists participating in the LatinFocus Consensus Forecast expect inflation to end 2019 at 2.3%, which is unchanged from last month’s projection. For 2020, the panel expects inflation of 2.4%.


Author: Massimo Bassetti, Economist

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Peru Inflation October 2018

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


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