Inflation in Peru

Peru Inflation | Economic News & Forecasts

Peru - Inflation

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.

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  

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Peru Inflation Chart

Peru Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Peru National Statistical Institute and FocusEconomics calculations.

Peru Facts

Bond Yield5.43-0.60 %Oct 15
Exchange Rate3.29-0.06 %Jul 11
Stock Market20,699-0.23 %Jul 11

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