Peru|Year-on-year inflation rose in April, but remains comfortably within the target range
Published on Friday, May 2, 2025
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.
Geographies
- Geography Tags
- Latin America
- Peru
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Yalina Crispin
BBVA Research - Senior Economist
Hugo Vega de la Cruz
BBVA Research - Principal Economist
Documents and files
Report (PDF)
Peru | Year-on-year inflation rose in April, but remains comfortably within the target range.
Spanish - May 2, 2025