Inflation in Peru
Peru - Inflation
Inflation falls to 21-month low in June
Consumer prices in Metropolitan Lima fell 0.27% from the previous month in June, contrasting May's 0.20% rise and marking the first monthly fall in prices in 12 months. June’s decline was principally driven by falling food and drink costs, while transport costs continued to fall on lower fuel prices.
Inflation fell to 1.6% in June from 1.8% in May, thus remaining below the midpoint of the Central Bank’s 1.0–3.0% target band for the 10th month running. Meanwhile, the trend levelled off this month, with annual average inflation coming in at 1.9% in June, unchanged from the month prior. Core inflation, however, rose to 1.9% from May’s 1.7%.
FocusEconomics’ analysts forecast inflation to end the year at 1.2%, down 0.2 percentage points from last month’s forecast. Next year, inflation is seen ending the year at 2.1%.
Peru - Inflation Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 3.6 | 3.6 | 2.8 | 1.3 | 2.1 |
Peru Inflation Chart
Source: Peru National Statistical Institute and FocusEconomics calculations.
Peru Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.0 | -0.60 % | Nov 08 |
| Exchange Rate | 3.31 | -0.06 % | Jan 01 |
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Economic News
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Peru: Inflation falls to 21-month low in June
July 2, 2020
Consumer prices in Metropolitan Lima fell 0.27% from the previous month in June, contrasting May's 0.20% rise and marking the first monthly fall in prices in 12 months.
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Peru: Activity contracts at sharpest pace on record in April
June 15, 2020
Economic activity nosedived 40.5% compared to the same month a year earlier in April, which was a deterioration from March's 16.3% decrease.
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Peru: Central Bank maintains policy rate at record low in June
June 11, 2020
On 11 June, the Central Bank of Peru (BCRP) decided to keep the policy interest rate unchanged at 0.25% for the second meeting in a row, as widely expected by market analysts.
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Peru: Exports fall at record pace pushing trade deficit to over six-year high in April
June 4, 2020
Merchandise exports nosedived 56.4% over the same month last year in April (March: -29.6% year-on-year), marking the worst reading on record as heavy restrictions on movement to fight the Covid-19 pandemic impaired domestic production amid weakened external demand for goods.
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Peru: Business sentiment ticks up in May, remains deeply pessimistic
June 4, 2020
Business confidence edged up in May to 14.0, pulling away from April’s record low of 9.1 points as firms reacted to the initiation of easing of lockdown measures in the month.
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