Food inflation in Peru: The role for monetary policy

Joao Ribeiro

Research output: Contribution to journalArticlepeer-review

4 Scopus citations


Food inflation in Peru has a significant influence on total inflation, so the presence of second-round effects on core inflation may be high. This paper estimates the size of these second-round effects using a general equilibrium model for the Peruvian economy. The results indicate the absence of a significant second round effect on Peruvian inflation, given that food inflation does not play any role in the formation of inflation expectations and in the determination of wages.

Translated title of the contributionInflacion de alimentos en Peru: El rol de la politica monetaria
Original languageEnglish
Article number00081
Pages (from-to)81-98
Number of pages18
JournalRevista de Analisis Economico
Issue number2
StatePublished - 2019
Externally publishedYes


  • Food inflation
  • Forecasting
  • Monetary policy
  • Peru


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