Peru's annual inflation rate declined to 1.97 percent in December 2020 from 2.14 percent in the previous month. Food inflation eased to 2.24 percent in December from a 38-month high of 2.81 percent in November. Also, prices rose softer for transport & communications (0.80 percent vs 0.89 percent in November). Meanwhile, prices continued to increase for both housing & utilities (3.67 percent vs 3 percent) and furnishings (0.48 percent vs 0.41 percent). On a monthly basis, consumer prices were up 0.05 percent, slowing from a 0.52 percent growth in the prior month. source: Instituto Nacional de Estadística e Informática (INEI)
Inflation Rate in Peru averaged 265.87 percent from 1970 until 2020, 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 January of 2021.
Inflation Rate in Peru is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Peru to stand at 2.40 in 12 months time. In the long-term, the Peru Inflation Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.