Macroeconomic Forecast Peru

October 2008 | Macroeconomic Forecasts

Headline inflation (according to Peru's Lima metropolitan price index) started to come down slightly in September to 6.2% y-o-y, from its ten-year high of 6.3% in August, as food and fuel prices started to come off from their earlier peaks. The outturn reflects the ongoing decline in global commodity prices on the back of slowing demand, and suggests that in line with our generally bearish medium-term outlook on commodities, consumer price inflation (CPI) has further room to slow going forward.

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