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Peru: Inflation expectations fall in March 2019

09:05 | Lima, Apr. 5.

Economic analysts and financial system companies lowered Peru's inflation expectations for the next 12 months, from 2.40% in February to 2.33% in March, Central Reserve Bank (BCR) has reported.

Thus, this projection has remained within the target range (between 1% and 3%) since May 2017. 

It should be noted inflation forecasts have stood within the target range in 84% of the months comprised in the study.

On the other hand, inflation estimates for 2019 remain between 2.20% and 2.50%, while they stand between 2.30% and 2.50% for 2020. All of them are within the target range. 

For this year, economic analysts reduced inflation expectations from 2.35% (February) to 2.20% (March). 

Meanwhile, financial system agents and non-financial businesses maintained their inflation forecasts at 2.40% and 2.50%, respectively. 

Likewise, economic analysts lowered their projections from 2.50% to 2.30% (2020) and from 2.50% to 2.40% (2021).

Financial agents and non-financial businesses maintained their inflation forecast at 2.50% for 2020 and 2021. 

(END) JJN/DTK/MVB

Published: 4/5/2019
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