Peru: Inflation rises to over one-year high in November
December 13, 2018
Consumer prices in Metropolitan Lima increased 0.12% month-on-month in November, up from October’s 0.08% rise. November’s increase was largely the result of higher prices for food and beverages; rental housing, fuel and electricity—due to an increase in prices of residential fuels—and furniture, household goods and maintenance.
Meanwhile, inflation increased to an over one-year high of 2.2% in November from 1.8% in October. In November, core consumer prices, which exclude energy and food prices, increased 0.1% from the previous month, matching October’s rise. Finally, core inflation remained stable at an over one-year high of 2.5% in November, matching October’s print.
Peru Inflation Forecast
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%.