Peru: Inflation falls to lowest level since December 2020 in May
Inflation came in at 2.0% in May, which was down from April’s 2.4%. May’s result represented the lowest inflation rate since December 2020. Looking at the details of the release, prices for recreation and entertainment grew at a weaker rate in May, and prices for food and beverages declined at a sharper rate.
On a month-on-month basis, consumer prices fell 0.09% in May, following April’s 0.05% fall.
Accordingly, the trend pointed down, with annual average inflation coming in at 4.0% in May (April: 4.5%).