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

Published on Monday, June 1, 2015

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

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.

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