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.

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Peru Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-01-02 02:45 AM Dec 8.46% 8.45% 8.03%
2023-02-01 03:00 PM Jan 8.66% 8.46% 7.83%
2023-03-01 11:30 AM Feb 8.66%


Related Last Previous Unit Reference
Inflation Rate 8.66 8.46 percent Jan 2023
Consumer Price Index CPI 108.70 108.46 points Jan 2023
Core Inflation Rate 6.53 6.48 percent Dec 2022
Core Consumer Prices 106.53 105.90 points Dec 2022
Producer Prices 134.77 134.25 points Jan 2023
Inflation Rate MoM 0.23 0.79 percent Jan 2023
CPI Transportation 103.73 108.62 points Jan 2023
CPI Housing Utilities 105.80 105.21 points Jan 2023

Peru Inflation Rate
In Peru, the most important categories in the CPI baskets are Food & Non-alcoholic Beverages (24% of the total weight); Restaurants & Hotels (16%); Transportation (12%). Housing, Water, Electricity & Other Fuels account for 10% and Education for 8%. Others include: Miscellaneous Goods & Services (7%), Furniture & Household Equipment & Conservation (5%), Clothing & Footwear (5%), Leisure & Culture (4%) and Alcoholic Beverages, Narcotics and Tobacco (2%). The index has a base of 100 as of 2021. The index tracks the metropolitan area of Lima.
Actual Previous Highest Lowest Dates Unit Frequency
8.66 8.46 12377.32 -1.11 1970 - 2023 percent Monthly
2001=100

News Stream
Peru Inflation Rate Speeds Up to 6-Month High
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.
2023-02-01
Peru Inflation Rate Edges Up to 8.46% in December
The annual inflation rate in Peru inched up to 8.46% in December of 2022 from 8.45% in November, staying well above the central bank's 1%-3% target range for the 19th consecutive month. The biggest upward pressure came from cost of food and non-alcohlic beverages (15.21%), mainly vegetables and tubers, eggs, sugar, bread and cereals, and other food products. Increases were also recorded in prices of transport (11.30%), namely fuels and lubricants, vehicles spare parts, road transport service and local transport; restaurants and hotels (9.49%); and housing and utilities (4.23%). Compared to the previous month, consumer prices rose 0.79%, the most in five months, accelerating from a 52% gain in November. So far this year, the CPI in Peru increased 8.46%, the highest annual measurement in the past 26 years, the country’s official statistics agency said on Sunday. The monetary entity estimated inflation would be 3% for this year, at the top end of its target range of between 1% and 3%
2023-01-02
Peru Inflation Rate Remains Elevated
Annual inflation rate in Peru edged higher to 8.45% in November of 2022 from 8.28% in October, staying well above the central bank 1%-3% target range for a 18th consecutive month. Compared to the previous month, consumer prices went up 0.52%, also higher than 0.35% in October and forecasts of 0.33%. Biggest upward pressure came from cost of housing and utilities (0.83%), namely residential electricity and natural gas, due to new tariffs. Other price increases were seen for food and non-alcoholic beverages (0.77%), namely fish, shellfish and meat; and restaurants and hotels (0.68%). So far this year, the CPI in Peru increased 7.6%.
2022-12-01