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Peru Inflation June 2023

Peru: Inflation falls in June

Inflation came in at 6.5% in June, which was down from May’s 7.9%. Softer increases in prices for transportation and food and non-alcoholic beverages were behind the deceleration. That said, the print remained above the Central Bank’s 1.0%-3.0% target range for the 25th consecutive month.

Annual average inflation dipped to 8.2% in June from 8.4% in May. Lastly, consumer prices decreased 0.15% over the previous month in June, contrasting the 0.32% increase logged in May.

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