Peru | Inflation goes up, shrinking even more any room for a policy rate cut

Summary

The consumer price index rose 0,56% in May, reflecting higher electricity, fuel, and food prices. As a result, YoY inflation went up to 3,4%. We expect it to remain at least around the CB’s target range ceiling in the coming months. Hence, the room the CB has to eventually cut the policy rate keeps tightening.

Geographies

Topics