FX.co ★ Peru's CPI Falls Further in May 2024, Registering a 0.09% Decline

LIMA, June 2, 2024 – Peru's Consumer Price Index (CPI) continued its downward trend in May 2024, reflecting a deepening deflationary pressure on the nation's economy. The latest data released on June 2, 2024, indicates a monthly CPI change of -0.09%, a slight acceleration from the -0.05% reported in April.

The month-over-month comparison reveals a consistent decline in consumer prices, suggesting that inflationary pressures remain subdued. In April, the CPI fell by 0.05%, marking a decrease from the preceding month, and this downtrend continued into May with a further drop to 0.09%.

The progression from -0.05% to -0.09% underscores ongoing challenges within Peru's economy, potentially influenced by various factors, including lower demand and adjustments in the pricing of goods and services. Economists and policymakers will be closely monitoring this trend to gauge its implications and to formulate appropriate responses to address the deflationary scenario.