Peru|Year-on-year inflation rose in April, but remains comfortably within the target range

Summary

In April 2025, the Consumer Price Index (CPI) rose by 0.32%, exceeding expectations. The increase was driven by seasonal factors related to Easter, which pushed up the prices of fishery products and transportation services. Poultry prices also rose again. In contrast, fuel prices declined.

Key points

• Key points:
• Core inflation rose by 0.14% in April and remained at 1.9% year-on-year, within the Central Bank’s target range.
• Inflation is expected to average between 1.5% and 2.0% in the second and third quarters, with a year-end rate close to 2.5% due to base effects.

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