Andina

Peru: Annual inflation forecast for 2019 stands at 2.5%

00:00 | Lima, Jan. 3.

Peru's annual inflation forecast for end 2019 stands at 2.5%, taking into account there was a 0.3% impact on inflation in 2018 due to an increase in Selective Consumption Taxes (ISC), privately-run Banco de Credito's (BCP) Economic Studies Department has projected.

Likewise, Metropolitan Lima's Consumer Price Index registered a 0.18% growth last December —in line with analysts' consensus— but it was under its historical average (2002-2016: 0.27%). 

Therefore, annual inflation continued to expand and closed 2018 surpassing the middle point of Central Reserve Bank's (BCR) target range (1%-3%). It reached 2.2%, the highest number in the year. 

Likewise, inflation outside the food and energy sectors stood at 2.2%, the highest figure in five months. However, it remained within the target range. 

On the other hand, the Transport and Communications sphere posted a 0.94% price expansion in December last year in accordance with a higher seasonal demand for interprovincial tickets thanks to end-of-year celebrations. 

(END) CNA/DTK/MVB


Published: 1/3/2019
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