Peru Inflation July 2020

Peru

Peru: Inflation ticks up in July

July 6, 2020

Consumer prices in Metropolitan Lima rose 0.46% from the previous month in July, contrasting June's 0.27% fall. July’s increase was principally driven by rising food and drink, and housing and utility costs, partially offset by a continued fall in transport prices.

Inflation increased to 1.9% in July from 1.6% in June, thus moving closer to the midpoint of the Central Bank’s 1.0–3.0% target. Meanwhile, the trend inched down this month, with annual average inflation coming in at 1.8% in July (June: 1.9%). Core inflation, however, rose to 1.8% from June’s 1.7%.

FocusEconomics’ analysts forecast inflation to end the year at 1.0%, down 0.2 percentage points from last month’s forecast. Next year, inflation is seen ending the year at 1.9%.


Author:, Economist

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Peru Inflation July 20 20

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


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