Free Trial

March CPI Data Falls To 8.40% Y/y But Above Expectations

PERU
  • Monthly inflation data for March released over the weekend showed consumer prices rising faster than expected. This prompted annual headline inflation to not dip as much as analysts had forecast:
    • Lima March consumer prices rise 1.25% M/m; est. +0.90%
    • Lima March consumer prices rise 8.4% Y/y; est. +8.00%
  • Peru’s central bank is combating stubbornly high inflation that has been made worse by anti-government protests. The unrest peaked in January and has been easing since, with protests now isolated in the Andean region of Puno near Bolivia.
  • - The BCRP next meet on April 13 where they are expected to hold the reference rate at 7.75%. There is no domestic data due this week.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.