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Peru: 12-month ahead inflation expectations at 2.2% in Nov 2019

09:25 | Lima, Dec. 10.

Inflation expectations of economic analysts and financial system entities for the next 12 months stood at 2.2% last November, Peru's Central Reserve Bank (BCR) has reported.

They have remained within the BCR's target range of 1% to 3% since May 2017, according to the BCR's Macroeconomic Expectations Survey.

Regarding annual projections, economic agents reduced their inflation forecasts to a range between 2% and 2.2% for 2019 (between 2%-2.3% in the survey published a month ago).

Inflation expectations for 2020 were also lowered to a range between 2.2% and 2.4%. For 2021, they are projected to remain between 2.3% and 2.5%.

Of the three groups of economic agents, non-financial companies lowered their inflation projections from 2.3% to 2.2%, while economic analysts and the financial system maintained them at 2% for the current year.

(END) MMG/JJN/MVB

Published: 12/10/2019

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Peru: 12-month ahead inflation expectations at 2.2% in Nov 2019

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