Inflation in Peru

Peru Inflation | Economic News & Forecasts

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  

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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 Rate3.33-0.06 %May 13
Stock Market19,958-0.23 %May 13

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