Peru Prices Slow Much More Than Forecast Back Into Target Range
- Annual inflation rate in Lima eases to 2.42%, below 2.72% est.
- Economy posts monthly deflation as prices decline 0.05%
Shoppers walk by potato stands in Lima, Peru.
Photographer: Cris Bouroncle/AFP/Getty ImagesThis article is for subscribers only.
Inflation in Peru’s capital slowed much more than expected April as the central bank continues to confidently lower its benchmark interest rate.
Consumer prices in Lima rose 2.42% from the same month a year earlier, compared with the 2.72% median estimate of economists surveyed by Bloomberg. On the month, prices fell 0.05% compared with the median estimate for a 0.25% rise.