Peru: Inflation recedes in June
Consumer prices in Metropolitan Lima fell 0.09% over the previous month in June, contrasting May’s 0.15% month-on-month rise. June’s drop was largely the result of lower prices food and beverages, housing, and transport and communication.
Meanwhile, inflation declined to 2.3% from May’s 20-month high of 2.6%, thus remaining within the Central Bank’s target range of 2.0% plus or minus 1.0 percentage points. In May (the latest month for which data is available), core consumer prices, which exclude energy and food prices, increased 0.2% from the previous month, up from April’s 0.1% uptick. Finally, core inflation remained stable at April’s 2.6% in May.