Peru: Inflation stable in February
Consumer prices in Metropolitan Lima rose 0.14% over the previous month in February, up from January’s 0.05% increase. February’s rise was chiefly the result of higher prices for food and beverages and for education and culture, which more than offset lower prices for housing, energy and transport and communications.
Meanwhile, inflation was unchanged at January’s 1.9% in January, thus remaining below the midpoint of Central Bank’s target range of 2.0% plus or minus 1.0 percentage points. In February, core consumer prices, which exclude energy and food prices, increased 0.2% from the previous month, matching January’s uptick. Finally, core inflation in February came in at 2.2%, again matching the previous month’s reading.