Inflation in Peru
Peru - Inflation
Inflation stable in December
Consumer prices in Metropolitan Lima increased 0.18% over the previous month in December, up from November’s 0.12% month-on-month rise. December’s increase was largely the result of higher prices for transport and communications, which were influenced by the seasonal effect of Christmas and New Year's Eve; rental housing, fuel and electricity—due to an increase in prices of residential fuels—and furniture, household goods and maintenance.
Meanwhile, inflation remained at November’s over one-year high of 2.2% in December. In the last month of 2018, core consumer prices, which exclude energy and food prices, increased 0.1% from the previous month, matching November’s rise. Finally, core inflation rose to an over one-year high of 2.6% in December, from November’s 2.5%.
Panelists participating in the LatinFocus Consensus Forecast expect inflation to end 2019 at 2.3%, which is unchanged from last month’s projection. For 2020, the panel expects inflation of 2.4%.
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 | 5.43 | -0.60 % | Oct 15 |
| Exchange Rate | 3.33 | -0.06 % | Jan 16 |
| Stock Market | 19,582 | -0.23 % | Jan 16 |
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Economic News
Peru: Economic activity soars in November
January 15, 2019
Economic activity jumped 5.3% year-on-year in November, accelerating from October’s 4.2% increase and marking the strongest increase in six months.
Peru: Business confidence moves further into optimistic territory in December
January 11, 2019
The business confidence indicator rose to 58.0 in December from November’s 55.5, and thus moved further above the 50-point threshold that separates optimism from pessimism. A broad-based improvement in sub-indexes drove the increase in business sentiment.
Peru: Trade balance swings to surplus in November, as both exports and imports contract
January 11, 2019
Peru’s trade balance recorded a USD 586 million surplus in November, swinging into positive territory from October’s revised USD 74 million deficit (previously reported: USD 155 million deficit) and slightly lower than the USD 646 million surplus recorded in the same month of last year.
Peru: Central Bank stands pat at first meeting in 2019
January 11, 2019
At its monetary policy meeting on 10 January, the Central Bank of Peru (BCRP) kept the policy interest rate unchanged at an eight-year low of 2.75%, matching market expectations.
Peru: Consumer confidence at over one-year high in December
January 10, 2019
The consumer confidence indicator published by GfK jumped from 94 in November to 99 in December, marking the best result since October 2017.
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