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Substantial Downside Surprise For October Inflation Data

PERU
  • LIMA OCT. CONSUMER PRICES FALL 0.32% M/M; EST. +0.19% (BBG)
  • LIMA OCT. CONSUMER PRICES RISE 4.34% Y/Y; EST. +4.88% (BBG)
  • Substantial downside surprise for Peru inflation data, around 0.5% below the surveyed median estimates. The data could enhance the probability of the BCRP accelerating the pace of easing amid the more benign price data and struggling growth figures.
  • For reference, the next meeting is next week on Nov 09. As a reminder, markets are closed for a public holiday today.

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