Peru: Inflation ticks up in May
June 1, 2020
Consumer prices in Metropolitan Lima increased 0.20% from the previous month in May, accelerating from April's 0.10% rise. May’s uptick was primarily driven by increasing healthcare, and food and drink prices, partially offset by falling rental, fuel and electricity costs.
Inflation came in at 1.8% in May, up from April’s 1.7%, and thus remaining below the midpoint of the Central Bank’s 1.0–3.0% target band for the ninth month running. Meanwhile, annual average inflation fell to 1.9% in May (April: 2.0%) and core inflation rose to 1.9% from April’s 1.8%.
Author: Stephen Vogado, Economist