# Peru | Higher inflation surprises in November | BBVA Research

> 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%.

- Date: 2020-12-01 · published 2020-12-01T12:00:00.000Z
- Category: report · region Peru · magnitude low
- Page: https://feedsoft.ai/events/49937-peru-higher-inflation-surprises-in-november-bbva-research
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

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.

## Sources

- bbvaresearch.com: https://www.bbvaresearch.com/en/publicaciones/peru-higher-inflation-surprises-in-november/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.