Inflation in Peru
Peru - Inflation
Inflation moderates in September
Consumer prices in Metropolitan Lima stayed flat over the previous month in September, down from August’s 0.7% rise. September’s reading was the result of lower prices for food and beverages—namely vegetables and legumes, tubers and roots, and sugar—offset by higher prices for housing, fuel and electricity, and clothing and footwear. The increase in the prices for housing, fuel and electricity was primarily due to an increase in tariffs for electric energy and propane gas.
Inflation followed suit, dropping to 2.9% in September from 3.2% in August. Core consumer prices, which exclude energy and food, rose 0.1% month-on-month for the third consecutive month. Finally, core inflation inched down from 2.9% in August to 2.8% in September.
The Central Bank expects inflation to end 2017 at between 2.0% and 2.5% and 2018 at 2.0%. Panelists participating in the LatinFocus Consensus Forecast expect inflation to end 2017 at 2.8%, which is up 0.1 percentage points from last month’s projection. For 2018, the panel also expects inflation of 2.7%, unchanged from last month.
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||4.93||0.41 %||Oct 16|
|Exchange Rate||3.24||-0.19 %||Oct 16|
|Stock Market||19,761||0.68 %||Oct 16|
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October 14, 2017
At its 12 October monetary policy meeting, the Central Bank left the policy interest rate unchanged at 3.50%—as expected by the majority of analysts—following three cuts earlier this year, most recently on 14 September.
October 6, 2017
The consumer confidence indicator published by GfK rebounded from August’s all-time low of 84 in August to 91 in September, nonetheless remaining well below the crucial 100-point threshold which separates pessimism from optimism among Peruvian consumers.
October 6, 2017
Peru’s trade balance recorded a USD 433 million surplus in August, a substantial increase from July’s USD 220 million surplus and almost quintupling the USD 90 million surplus recorded in the same month of last year. Growth in exports quickened considerably in August, accelerating to 20.4% year-on-year from July’s weak 1.9% expansion.
October 6, 2017
Consumer prices in Metropolitan Lima stayed flat over the previous month in September, down from August’s 0.7% rise.
October 4, 2017
The business confidence indicator rose to an 11-month high of 60.1 in September, up from 56.3 in August and further above the 50-point threshold that separates optimism from pessimism, indicating that business sentiment remained upbeat in September. Driving the upturn in business sentiment was firms’ more favorable assessment of their current sales and orders compared to the previous month, as well as their improved expectations about the economic situation in the next three months.