Peru Inflation May 2020

Peru

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%.

FocusEconomics’ analysts forecast inflation to end the year at 1.4%, down 0.1 percentage points from last month’s forecast. Next year, inflation is seen ending the year at 2.1%.


Author:, Economist

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Peru Inflation May 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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