Macroeconomic Forecast Peru

While consumer price inflation remains relatively benign, coming in at 1.0% y-o-y in May, it is important to note that upward price pressures have continued to build since the end of 2009 and look set to trend higher still over the coming months. Indeed, although CPI has only just entered the central bank's lower target range of 1.0-3.0%, inflation is nevertheless at its highest rate since September 2009 and has increased by 79bps since December. Going forward, we maintain our forecast for inflation to spike to 3.8% by year-end.

To read the full article, please choose one of the following options: