Inflation in Peru
Peru - Inflation
Inflation at nine-month high in July
Consumer prices in Metropolitan Lima increased 0.38% month-on-month in July, above June’s 0.33% rise. July’s increase was mainly the result of higher prices for transport and communication, as a result of the increase in the selective consumption tax approved in May; higher prices for food and beverages, and higher prices for residential electricity following the new tariff plan approved on 4 July.
Meanwhile, inflation increased to 1.6% in July (June: 1.4%), moving further away from March’s over seven-year low. In July, core consumer prices, which exclude energy and food prices, increased 0.2% from the previous month, below June’s 0.4% increase. Finally, core inflation rose to an eight-month high of 2.4% in July, marginally above June’s 2.3%.
Peru Inflation Forecast
The Central Bank expects inflation to end 2018 at 2.0%. Panelists participating in the LatinFocus Consensus Forecast expect inflation to end 2018 at 2.8%, which is up 0.1 percentage points from last month’s projection. For 2019, the panel expects inflation of 2.7%.
Peru - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 2.8 | 3.3 | 3.6 | 3.6 | 2.8 |
Peru Inflation Chart
Source: Peru National Statistical Institute and FocusEconomics calculations.
Peru Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 5.13 | -0.60 % | Aug 14 |
| Exchange Rate | 3.32 | -0.06 % | Aug 15 |
| Stock Market | 19,533 | -0.23 % | Aug 15 |
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Economic News
Peru: Trade surplus widens in June, supported by higher commodity prices
August 13, 2018
Peru’s trade balance recorded a USD 1,164 million surplus in June, the highest print so far this year, widening from May’s USD 544 million surplus as well as from the USD 790 million surplus recorded in the same month of last year. Growth in exports remained robust in June, coming in at 17.5% year-on-year following May’s strong 18.8% increase.
Peru: Central Bank stands pat at its August meeting
August 13, 2018
At its 9 August monetary policy meeting, the Central Bank of Peru (BCRP) decided to keep the policy interest rate unchanged at an eight-year low of 2.75%, matching market expectations.
Peru: Consumer confidence stable in June
August 3, 2018
The consumer confidence indicator published by GfK remained stable at May’s 90 in June.
Peru: Business confidence ticks up in July
August 3, 2018
The business confidence indicator ticked up to 59 in July from June’s 58, moving further above the 50-point threshold that separates optimism from pessimism. Driving the increase in business sentiment was an improvement in expectations on the near-future, while expectations on the medium-term remained unchanged.
Peru: Inflation at nine-month high in July
August 2, 2018
Consumer prices in Metropolitan Lima increased 0.38% month-on-month in July, above June’s 0.33% rise.
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