Peru Inflation August 2020


Peru: Inflation ticks up in August

September 3, 2020

Consumer prices in Metropolitan Lima fell 0.11% from the previous month in August, contrasting July's 0.46% increase. August’s increase was principally driven by lower food and drink costs, partially offset by a rise in transport, housing and utilities and healthcare prices.

Inflation dropped to 1.7% in August from 1.9% in July, thus moving further away from the midpoint of the Central Bank’s 1.0–3.0% target. Meanwhile, the trend paused its recent downward trajectory, with annual average inflation coming in at 1.8% in August, equaling July’s figure. Core inflation, also remained unchanged from July, clocking 1.8% in August.

FocusEconomics’ analysts forecast inflation to end the year at 1.0%, unchanged from last month’s forecast. Next year, inflation is seen ending the year at 1.8%.

Author:, Economist

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Peru Inflation Chart

Peru Inflation August 20 20 0

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

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