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June 15, 2022

Peru | GDP grew 3.7% year-on-year in April, but signs of slowdown get stronger

After growing 3.8% year-on-year in March, economic activity advanced 3.7% in April, despite the strict confinement that took place in the city of Lima. The expansion of the non-primary component stood out (5.1%). On the other hand, the primary component of GDP, more linked to extractive activities, contracted by 1.3%.
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  • Peru

June 10, 2022

Peru | BCRP continued tightening the monetary policy position

The Board of the Central Bank decided to increase the monetary policy rate from 5.00% to 5.50% in June. The Bank continues the normalization of monetary policy in a context of lesser external headwinds and pessimistic expectations.

June 3, 2022

Peru | Tracking consumption with real-time data in May 2022

In May, BBVA Research's big data consumption index (inflation-adjusted spending with cards and cash withdrawals) increased 8,0% compared to the same month in the previous year (19.0% YoY in April).

June 2, 2022

Peru | Inflation reaches new maximum since 1998 in May

The Consumer Price Index for the city of Lima increased 0.38% MoM in May. This is a result of the increase in the prices of transportation and food and non-alcoholic beverages, in a context of higher international prices of fuels and foodstuffs.

May 17, 2022

Peru | Activity grew 3.8% in 1Q22 but faces tougher challenges looking forward

Economic activity grew 3.8% YoY in March, following a 4.9% print in February. The non-primary component grew 5.4%, reflecting the removal of sanitary isolation measures. The primary component of GDP fell -2.2%; the sterner contractions of Fishing and Metallic Mining stand out.

May 13, 2022

Peru | BCRP hikes MPR and points to significant challenges to activity looking forward

The Board of the Central Bank decided to increase the monetary policy rate from 4.50% to 5.00% in May. The Bank continued the normalization of monetary policy but pointed to lower external headwinds and pessimism in expectations.

May 12, 2022

Peru | Tracking consumption with real-time data in April 2022

In April, BBVA Research's big data consumption index (inflation-adjusted spending with cards and cash withdrawals) increased 13,0% compared to the same month in the previous year (11.0% YoY in March).

May 2, 2022

Peru | Inflation surprises to the upside and reaches 24-year maximum

The Consumer Price Index for the city of Lima increased 0.96% MoM in April. This is a result of the increase in the prices of food and non-alcoholic beverages and transportation, in a context of higher international prices of foodstuffs and fuels.
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  • Peru