Inflation in Peru
Peru - Inflation
Inflation at 19-month high in April
Consumer prices in Metropolitan Lima rose 0.20% over the previous month in April, down notably from March’s 0.73% month-on-month rise, which had marked the fastest rise in two years. April’s increase was largely the result of higher prices for food and beverages—especially fish and seafood—and transport and communication, in particular diesel, and natural gas for vehicles.
Meanwhile, inflation climbed to 2.6% from March’s 2.2%, but remained within the Central Bank's target range of 2.0% plus or minus 1.0 percentage points and yet the fastest inflation in 19 months. In April, core consumer prices, which exclude energy and food prices, inched up 0.1% from the previous month, down from March’s 0.8% jump. Finally, core inflation inched down to 2.6% in April from March’s 2.7%, which had marked the highest print since September 2017.
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 % | May 13 |
| Stock Market | 19,958 | -0.23 % | May 13 |
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Economic News
Peru: Consumer confidence rises in April
May 24, 2019
The consumer confidence indicator published by GfK rose to 100 in April from 94 in March.
Peru: Economic activity gains traction in March
May 16, 2019
Economic activity expanded 3.2% year-on-year in March, picking up pace from February’s 2.1% increase.
Peru: Trade surplus widens in March but strike at Las Bambas mine hampers exports
May 10, 2019
Peru’s trade balance recorded a USD 431 million surplus in March, widening from February’s USD 336 million surplus but lower than the USD 667 million surplus recorded in the same month of last year. Exports dived 11.8% year-on-year in March, due to lower prices and quantities, following February’s much softer 3.6% fall.
Peru: Central Bank holds its ground in May
May 9, 2019
At its monetary policy meeting on 9 May, the Central Bank of Peru (BCRP) kept the policy interest rate unchanged at an eight-year low of 2.75%, matching market expectations.
Peru: Inflation at 19-month high in April
May 8, 2019
Consumer prices in Metropolitan Lima rose 0.20% over the previous month in April, down notably from March’s 0.73% month-on-month rise, which had marked the fastest rise in two years.
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