Peru Inflation

Peru

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.

In its October quarterly inflation report, the Central Bank indicated that it expects inflation between 1.5% and 2.5% in both 2015 and 2016. LatinFocus Consensus Forecast panelists expect inflation to end 2015 at 2.6%, which is unchanged from last month’s projection. For 2016, the panel expects inflation of 2.7%.


Author:, Economist

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Peru Inflation December 2014

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


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