April 9, 2021
Peru latest publications
Consumption growth sharply accelerated during March compared with last year lockdowns, this increasing growth rates are observed across all countries and sectors.
The Board of the Central Bank decided to maintain the monetary policy rate at 0,25% in April. The Bank renewed its commitment to maintain a strongly expansive stance for a prolonged period and stated that the higher inflation observed in March is transitory.
In March, the Consumer Price Index increased by 0,84%. With this outcome, inflation increased from 2,4% in February to 2,6% in year-on-year terms, mainly explained by supply factors.
In March, total card consumption grew 86.3% YoY, this is explained by a low comparison base (in the second half of March 2020, mobility restrictions began due to the beginning of the pandemic).
GDP contracted 1.0% year-on-year in January. Mining and hydrocarbons weighed down activity in January. These sectors were joined by others that have been experiencing contractions for almost a year, such as commerce and services
The Board of the Central Bank decided to maintain the monetary policy rate at 0,25% in March. The Bank renewed its commitment to maintain a strongly expansive stance for a prolonged period in spite of a faster recovery of global economic activity.
March 5, 2021
Global | The COVID-19 impact on Consumption in Real Time and High Definition: March 5th
The impact of the third wave was higher than the second one, but still far away from the first one. The recovery is still uneven across sectors and countries. New waves and restrictions narrowed the gap between LATAM countries and the rest.
In February, the Consumer Price Index decreased 0.13% MoM, surprising the market consensus to the downside (+0.20%). The result is explained, mainly, by the decrease in the prices of some foods. Headline inflation in year-on-year terms fell to 2.4% in February and inflation excluding food and energy to 1.6%.