FocusEconomics: Peru's inflation inched down in August

16:20 | Lima, Sep. 13.

Consumer prices in Lima Metropolitan Area ticked up 0.06% over the previous month in August, following July's 0.23% month-on-month increase, the latest FocusEconomics' LatinFocus Consensus Forecast report has affirmed.

"August's increase was largely the result of higher prices for transport, communication and recreation more than offsetting lower housing rental costs and diminished prices for fuels and electricity," it said. 

Meanwhile, inflation inched down to 2.0% from July's 2.1%, hitting the Central Reserve Bank's target of 2.0%. 

Panelists participating in the LatinFocus Consensus Forecast expect inflation to end 2019 at 2.2%, which is down 0.1 percentage point from last month's projection. For 2020, the panel expects inflation of 2.3%.

Editor's note: Based on information provided by FocusEconomics.


Published: 9/13/2019
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