Inflation in Peru
Peru - Inflation
Inflation stable in December
Consumer prices in Metropolitan Lima rose 0.21% over the previous month in December, up from November’s 0.11% increase. December’s rise was chiefly the result of higher prices for food and beverages and for transports and communications, largely influenced by seasonal factors.
Meanwhile, inflation was unchanged at November’s 1.9% in December, thus remaining below the midpoint of Central Bank's target range of 2.0% plus or minus 1.0 percentage points. In December, core consumer prices, which exclude energy and food prices, increased 0.1% from the previous month, matching November’s uptick. Finally, core inflation in December came in at 2.2%, marginally down from November’s 2.3%.
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 %)||2.8||3.3||3.6||3.6||2.8|
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|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
January 15, 2020
In November, economic activity grew 1.9% year-on-year, decelerating slightly from October’s 2.1% outturn and surprising market expectations on the downside.
January 10, 2020
Peru’s trade balance recorded a USD 669 million surplus in November, larger than October’s USD 416 million surplus but smaller than the USD 739 million deficit recorded in the same month last year. Exports fell 6.4% year-on-year in November (October: +3.4% year-on-year), weighed down by plunging foreign sales of mining products and of oil and natural gas, only partially offset by surging exports of fishing products.
January 10, 2020
The business confidence indicator rose from November’s 49.7 points to 51.0 points in December.
January 9, 2020
At its monetary policy meeting on 9 January, the Central Bank of Peru (BCRP) held the policy interest rate steady at 2.25%, the lowest since July 2010.
January 3, 2020
Consumer prices in Metropolitan Lima rose 0.21% over the previous month in December, up from November’s 0.11% increase.