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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Peru Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-02-01 03:00 PM Jan 8.66% 8.46% 7.83%
2023-03-01 03:30 PM Feb 8.65% 8.66% 8.42%
2023-04-01 11:30 AM Mar 8.65% 8.5%


Related Last Previous Unit Reference
Inflation Rate 8.65 8.66 percent Feb 2023
Consumer Price Index CPI 109.02 108.70 points Feb 2023
Core Inflation Rate 6.62 6.59 percent Feb 2023
Core Consumer Prices 107.24 106.80 points Feb 2023
Producer Prices 135.87 134.77 points Feb 2023
Inflation Rate MoM 0.29 0.23 percent Feb 2023
CPI Transportation 104.21 103.73 points Feb 2023
CPI Housing Utilities 104.65 105.80 points Feb 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
8.65 8.66 12377.32 -1.11 1970 - 2023 percent Monthly
2001=100

News Stream
Peru Inflation Rate Ticks Down in February
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.
2023-03-01
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