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.
Author: Carl Kelly, Economist