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Peru's consumer price index rose 0.52% in November, lifting annual inflation to 2.1% from 1.7% in October. The increase was driven by transitory supply shocks affecting food prices and energy tariffs.
BBVA revised its 2020 inflation forecast to 2.1% and its 2021 forecast to between 1.5% and 2.0%.
Higher food prices from supply disruptions point to tighter local feed and food demand conditions in Peru. The report is a routine inflation release with limited direct effect on global feed grain or meal prices.
bbvaresearch.comFrancisco Grippa, Hugo Vega de la CruzDec 1, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
