Inflation in Peru
Peru - Inflation (end of period)
Inflation at 20-month high in May
Consumer prices in Metropolitan Lima rose 0.15% over the previous month in May, down from April’s 0.20% month-on-month rise. May’s increase was largely the result of higher prices for education and culture, and transport and communication—in particular diesel, and natural gas for vehicles.
Meanwhile, inflation climbed to 2.7% from April’s 2.6%, the fastest inflation in 20 months, but remained within the Central Bank's target range of 2.0% plus or minus 1.0 percentage points. In April (the latest month for which data is available), core consumer prices, which exclude energy and food prices, inched up 0.1% from the previous month, down from March’s 0.8% jump. Finally, core inflation inched down to 2.6% in April from March’s 2.7%, which had marked the highest print since September 2017.
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 (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||2.9||3.2||4.4||3.2||1.4|
5 years of economic forecasts for more than 30 economic indicators.
Peru Inflation (eop) Chart
Source: Peru National Statistical Institute and Met the why particular calculations.
|Bond Yield||5.43||-0.60 %||Oct 15|
|Exchange Rate||3.33||-0.06 %||Jun 13|
|Stock Market||20,251||-0.23 %||Jun 13|
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June 13, 2019
At its monetary policy meeting on 13 June, the Central Bank of Peru (BCRP) kept the policy interest rate unchanged at an eight-year low of 2.75%, matching market expectations.
June 7, 2019
The business confidence indicator declined from April’s 55.9 to 52.9 in May, but nevertheless remained above the 50-point threshold that separates optimism from pessimism, where it has been for over two years. May’s decline came on the back of worse assessments of current conditions, and of less rosy expectations on the economy as a whole and on the situation of the company.
June 7, 2019
Peru’s trade balance recorded a USD 259 million surplus in April, narrowing from March’s USD 471 million surplus as well as from the USD 311 million surplus recorded in the same month of last year. Exports dipped 2.3% year-on-year in April, due to lower prices more than offsetting higher quantities, following March’s much sharper 11.7% plunge.
June 3, 2019
Consumer prices in Metropolitan Lima rose 0.15% over the previous month in May, down from April’s 0.20% month-on-month rise.
May 27, 2019
GDP growth in the first quarter of the year fell to 2.3%, which was less than half Q4 2018’s 4.7% expansion and marked the slowest increase in two years.