Inflation in Peru
Peru - Inflation
Inflation reaches fresh multi-year low in February
Consumer prices in Metropolitan Lima increased 0.25% in February on a monthly basis, above January’s 0.13% rise. February’s increase was mainly the result of higher prices for rental housing, fuels and electricity and education and culture. On the other hand, lower prices were recorded for fruit. The increase in the prices for housing, fuel and electricity was again due to an increase in tariffs for residential electricity.
Meanwhile, inflation continued to moderate. It dropped to 1.2% in February from 1.3% in January, the lowest since May 2010. In February core consumer prices, which exclude energy and food, increased 0.1% from the previous month, down from January’s 0.2% rise. Finally, core inflation inched down to 2.2% from January’s 2.3%.
Peru Inflation Forecast
The Central Bank expects inflation to end 2018 at 2.0%. Panelists participating in the LatinFocus Consensus Forecast expect inflation to end 2018 at 2.8%, which is up 0.1 percentage points from last month’s projection. For 2019, the panel expects inflation of 2.7%.
Peru - Inflation Data
|Inflation Rate (CPI, annual variation in %)||3.7||2.8||3.3||3.6||3.6|
5 years of economic forecasts for more than 30 economic indicators.
Peru Inflation Chart
Source: Peru National Statistical Institute and FocusEconomics calculations.
|Bond Yield||4.49||-0.60 %||Mar 22|
|Exchange Rate||3.24||-0.06 %||Mar 22|
|Stock Market||20,557||-0.23 %||Mar 22|
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March 16, 2018
Economic activity regained steam in January, increasing 2.8% year-on-year, more than double the 1.3% growth rate observed in December.
March 12, 2018
Consumer prices in Metropolitan Lima increased 0.25% in February on a monthly basis, above January’s 0.13% rise.
March 9, 2018
At its 8 March monetary policy meeting, the Central Bank of Peru (BCRP) decided to cut the policy interest rate from 3.00% to 2.75%, following a cut of the same magnitude at its January meeting.
March 9, 2018
Peru’s trade balance recorded a USD 582 million surplus in January, a substantial decrease from December’s USD 1.1 billion surplus but above the USD 333 million surplus recorded in the same month of last year. Growth in exports strengthened considerably in January, accelerating to 20.6% year-on-year from December’s 7.3% expansion.
March 7, 2018
The consumer confidence indicator published by GfK dropped further in February, coming in at 84.