Inflation in Peru
Peru - Inflation
Inflation moves up in March
Consumer prices in Metropolitan Lima jumped 0.73% over the previous month in March, accelerating notably from February’s 0.13% month-on-month rise and marking the fastest rise in two years. March’s upsurge was largely the result of higher prices for recreation, cultural and teaching services —due to an increase in prices for education— and food and beverages, owing to the rain season.
Meanwhile, inflation edged up to 2.2% from February’s 2.0%, well within the Central Bank's target range of 2.0% plus or minus 1.0 percentage points. In February—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 January’s 0.1% rise. Finally, core inflation inched up to 2.6% in February from January’s 2.5%.
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
|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 Met the why particular calculations.
|Bond Yield||5.43||-0.60 %||Oct 15|
|Exchange Rate||3.35||-0.06 %||Jan 30|
|Stock Market||20,067||-0.23 %||Jan 30|
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April 15, 2019
Economic activity expanded 2.1% year-on-year in February, picking up some pace from January’s subdued 1.6% increase, which had marked the weakest reading in over one year.
April 12, 2019
At its monetary policy meeting on 11 April, the Central Bank of Peru (BCRP) kept the policy interest rate unchanged at an eight-year low of 2.75%, matching market expectations.
April 6, 2019
The consumer confidence indicator published by GfK tumbled to 94 in March from 114 in February, which had marked the best result in over two years.
April 5, 2019
Peru’s trade balance recorded a USD 326 million surplus in February, narrowing from January’s USD 449 million surplus and also lower than the USD 552 million surplus recorded in the same month of last year. Exports declined 3.8% year-on-year in February, due to a drop in prices, following January’s sharper 4.1% fall.
April 5, 2019
The business confidence indicator rose from February’s 58.5 to 59.6 in March, and thus moved further above the 50-point threshold that separates optimism from pessimism, where it has been for almost two years. March’s improvement came chiefly on the back of better prospects on the general economic situation, as well as on demand prospects.