Peru Inflation

Peru

Peru: Inflation stable in September at lowest level since May of last year

October 1, 2014

Consumer prices for Metropolitan Lima increased 0.16% over the previous month in September, which contrasted the 0.09% fall registered in August. The print was just above 0.12% increase the market had expected. The increase was driven mainly by higher prices for food and beverages.

Annual headline inflation was stable at August’s 2.7% in September, which marks the lowest rate since May of last year. As a result, inflation remained within the upper limit of the Central Bank’s target of 2.0%, plus/minus 1.0 percentage point.

In its July quarterly inflation report, the Central Bank indicated that it expects inflation of between 2.5% and 3.0% in 2014 and between 1.5% and 2.5% in 2015. LatinFocus Consensus Forecast panelists expect inflation to end 2014 at 2.7%, which is unchanged from last month’s projection. For 2015, the panel expects inflation of 2.5%.


Author:, Economist

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Peru Inflation September 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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