Inflation in Peru
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 |
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 | 3.29 | -0.06 % | Jul 11 |
| Stock Market | 20,699 | -0.23 % | Jul 11 |
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Economic News
Peru: Economic activity grows at anemic pace in May
July 15, 2019
Economic activity increased a lackluster 0.6% in year-on-year terms in May, following the flat reading recorded in April—which marked the worst result in nearly 10 years.
Peru: Central Bank holds course at July meeting
July 11, 2019
At its monetary policy meeting on 11 July, the Central Bank of Peru (BCRP) kept the policy interest rate unchanged at an eight-year low of 2.75%, matching market expectations.
Peru: Consumer confidence falls further into pessimistic terrain in June
July 5, 2019
The consumer confidence indicator published by GfK fell to 92 points in June from 96 points in May.
Peru: Trade surplus at seven-month low in May
July 5, 2019
Peru’s trade balance recorded a USD 29 million surplus in May, narrowing from April’s USD 251 million surplus as well as from the USD 580 million surplus recorded in the same month of last year. Exports nosedived 15.5% year-on-year in May, due to both lower prices and quantities, following April’s much softer 2.2% dip.
Peru: Business confidence at over two-year low in June
July 5, 2019
The business confidence indicator plunged from May’s 52.9 to 49.8 in June, and therefore moved below the 50-point threshold that separates optimism from pessimism, for the first time since March 2017. June’s decline came against the backdrop of a broad-based deterioration in macroeconomic expectations.
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