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Peru Inflation July 2019

Peru: Inflation declines further in July

Consumer prices in Metropolitan Lima rose 0.20% over the previous month in July, contrasting June’s 0.09% month-on-month fall. July’s increase was largely the result of higher prices food and beverages, transport and communication, and health services.

Meanwhile, inflation declined to 2.1% from June’s 2.3%, grazing the midpoint of Central Bank’s target range of 2.0% plus or minus 1.0 percentage points. In June (the latest month for which data is available), core consumer prices, which exclude energy and food prices, increased 0.1% from the previous month, down from May’s 0.2% uptick. Finally, core inflation dropped from May’s 2.6% to an over one-year low of 2.3% in June.

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