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Peru's BCR estimates inflation close to 0% for May and projects that it will close 2024 at 2.2%
Thursday, May 30, 2024 - 12:00
BCR. Foto: Andina.

The entity also anticipates that potential GDP growth would be 2.5%.

The Central Reserve Bank (BCR) estimated today, Thursday, that the inflation rate in May will be at levels close to 0%.

"We are expecting to end this year at 2.2% inflation, maybe a little less. With the April figures, we have an inflation of 2.4%. We are expecting inflation close to 0% in May," said the president of the BCR, Julio Velarde, at an event organized by the newspaper El Comercio.

It is worth remembering that, according to information from the National Institute of Statistics and Informatics (INEI), the Consumer Price Index (CPI) was 2.42% in April, which returned to the target range of between 1% and 3% later. 34 months.

The result was due to the drop in the price of food and beverages. Meanwhile, they rose in the restaurants and hotels, transportation, accommodation, water, electricity and education sectors.

The BCR estimates that inflation could continue to decline due to a lower incidence of weather phenomena on food prices.

"We hope that the trajectory [of inflation] will more or less be maintained," said the president of the Central Bank.

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