The annual inflation rate in Peru rose for the third month to 8.66% in January of 2023, from 8.46% in December, staying well above the central bank's 1%-3% target range for the 20th consecutive month. It was the highest reading since last July, reflecting shortages of goods caused by two months of social unrest and highway blockades. Compared to the previous month, consumer prices rose 0.23%, the least in a year, below market forecasts of 0.43%. Peru has been through years of political turmoil, which came to a head when former President Pedro Castillo was arrested last month for trying to dissolve Congress, before being impeached. Demonstrators are demanding fresh elections and calling for the new President, Dina Boluarte, to stand down, which she has so far refused to do. source: Instituto Nacional de Estadística e Informática (INEI)
Inflation Rate in Peru averaged 255.67 percent from 1970 until 2023, reaching an all time high of 12377.32 percent in August of 1990 and a record low of -1.11 percent in February of 2002. This page provides - Peru Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Peru Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
Inflation Rate in Peru is expected to be 6.67 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.