LIMA -- Peru's central bank published its analytical inflation indices for May, which show that on an annual
basis, inflation excluding food and energy prices increased to 2.8% from 2.7% in April, while core inflation remained leveled at 3.7%.
Tradable goods inflation jumped to 1.8% from 1.3%, and non-tradable goods inflation increased to 4.5% from 4.0% in April.
The central bank also published its monthly survey on private sector expectations. The median forecasts for 2015 and 2016 annual headline inflation were unchanged at 2.9% and 2.6%, respectively.
Regarding growth, analysts now expect the economy to expand at an average annual rate of 3.0% in 2015, down from 3.1% in April, but still expect 2016 growth of 4.2%.
Finally, business confidence indicators deteriorated in May.
Expectations regarding the economy three months from now fell to 45.1 points from 46.7 points, while expectations regarding the economy 12 months from now fell to 53.8 points from 55.5 points in April.
The consumer confidence index also fell to 49.5 points from 55.7 points in April.