Inflation in Peru
Peru - Inflation
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.
Panelists participating in the LatinFocus Consensus Forecast expect inflation to end 2020 at 2.1%, which is unchanged from last month’s projection. For 2021, the panel expects inflation of 2.3%.
Peru - Inflation Data
|Inflation Rate (CPI, annual variation in %)||3.3||3.6||3.6||2.8||1.3|
5 years of economic forecasts for more than 30 economic indicators.
Peru Inflation Chart
Source: Peru National Statistical Institute and FocusEconomics calculations.
|Bond Yield||0.0||-0.60 %||Nov 08|
|Exchange Rate||3.31||-0.06 %||Jan 01|
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April 3, 2020
The business confidence indicator dived from February’s 48.2 points to 21.8 points in March, amid mounting fears of a blow to the global economy from the coronavirus pandemic and associated containment measures.
March 19, 2020
At an extraordinary monetary policy meeting held on 19 March the Central Bank of Peru (BCRP) decided to cut the cash rate from 2.25% to 1.25%, the lowest level since early 2010, in response to the economic and financial spillovers from coronavirus (Covid-19).
March 16, 2020
In January, economic activity grew a 3.0% year-on-year, accelerating significantly from December’s subdued 1.2% outturn and surprising market expectations on the upside.
March 13, 2020
At its monetary policy meeting on 12 March, the Central Bank of Peru (BCRP) held the policy interest rate steady at 2.25%, the lowest point since July 2010, although it singled out the spread of coronavirus (Covid-19) as the main risk to global economic activity.
March 6, 2020
The business confidence indicator dropped from January’s 52.9 points to 48 points in February.