The annual inflation rate in Peru eased marginally to 8.65% in February 2023, from 8.66% in January, staying well above the central bank's 1%-3% target range for the 21st consecutive month. On a monthly basis, consumer prices rose 0.29%, up from a 0.23% increase in the prior month but below market forecasts of 0.42%. Over the past two months, Peru has seen a historic wave of anti-government protests and escalation of violence, which was reflected in a severe shortage of goods. In Peru, over 40% of the population lives below the poverty line. source: Instituto Nacional de Estadística e Informática (INEI)
Inflation Rate in Peru averaged 255.28 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 March of 2023.
Inflation Rate in Peru is expected to be 8.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Peru Inflation Rate is projected to trend around 2.00 percent in 2024, according to our econometric models.