Inflation & Prices
Peru’s Annual Inflation Hits 2% Target in May as Key Rate Falls
- Annual inflation in Lima eases to 2% in May; est. 2.22%
- Prices in the month of May fell 0.09% compared to April
Shoppers browse produce at a market in Lima, Peru.
Photographer: Miguel Yovera/BloombergThis article is for subscribers only.
Peru’s annual inflation cooled more than expected in May, hitting the mid-point of the central bank’s target range, its lowest level in well over three years.
Annual inflation in the nation’s capital, Lima, slowed to 2%, below the 2.22% median estimate of economists surveyed by Bloomberg, the national statistics institute reported on Saturday. On a month-to-month basis, prices fell 0.09%, compared to the median estimate for a 0.12% rise.