Peru: Inflation stable in December
January 1, 2015
Consumer prices for Metropolitan Lima in December increased 0.23% over the previous month, which contrasted the 0.15% fall registered in November and was above the 0.09 increase expected by the market. The increase was mainly driven by higher prices for healthcare, food and beverages, as well as for transport and communications.
Annual headline inflation was stable at November’s 3.2% in December. As a result, inflation remains above the upper limit of the Central Bank’s target of 2.0%, plus/minus 1.0 percentage point.
Author: Carl Kelly, Economist