The Central Reserve Bank of Peru (BCRP) reported that the progress of the Consumer Price Index (CPI) in our country was one of the lowest in the region, after recording an advance of 2.3% in April.
According to the highest issuing entity, Peru’s inflation was below Chile (4%), Brazil (3.7%), Mexico (4.7%) and Colombia (7.2%). For reference, the US inflation rate, in the same month, was 3.4%.
Core inflation – which excludes the variation of the most volatile prices such as food and fuel – in Peru (3%) was the lowest among these countries in the region in April (Brazil, 3.8%; Chile, 3.2% ; Colombia, 6.4% and Mexico, 4.4%). In all these cases a decreasing trend is observed.
For its part, inflation that excludes food and energy in the US was 3.6% in April, higher than what was registered in Peru and Chile. Thus, the local interannual inflation rate in April is the lowest since May 2021 (2.4%) and is already within the BCRP target range.
With April’s result, the downward trend observed since the beginning of the previous year was accentuated, when interannual inflation reached 8.7% in January 2023.
For its part, the interannual inflation rate without food and energy fell from 3.1% to 3% between March and April, and is located at the upper limit of the target range.
Source: Larepublica
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