Peru’s Inflation Unexpectedly Picks Up With Rising Food Prices

Peru’s March inflation is expected to accelerate, driven by a sharp rise in energy prices. Despite the monthly uptick, the print is still expected to come broadly in line with central bank projections, suggesting limited surprise risk. Overall read-through: mildly cautious near-term price-pressure signal from energy.

Analysis

Peru’s March inflation is expected to accelerate, driven by a sharp rise in energy prices. Despite the monthly uptick, the print is still expected to come broadly in line with central bank projections, suggesting limited surprise risk. Overall read-through: mildly cautious near-term price-pressure signal from energy.