Peru Inflation

Peru

Peru: Inflation steady in April

May 2, 2015

Consumer prices for Metropolitan Lima in April increased 0.39% over the previous month, which was below the 0.76% rise registered in March. The result was in line with market expectations. The increase was broad-based, as all eight components of the index gained ground in April. The largest increases were recorded in the food and beverages category, followed by transport and communication.

Annual headline inflation in April stabilized at March’s 3.0%. Consequently, inflation held within the upper limit of the Central Bank’s target of 2.0%, plus/minus 1.0 percentage point.

In its January 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 April 2015

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


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