Peru Inflation January 2021

Peru

Peru: Inflation hits highest level since May 2019 in January

February 4, 2021

Consumer prices in Metropolitan Lima rose 0.74% in January over the previous month, picking up from the 0.05% increase seen in December. January's result marked the sharpest increase in prices since March 2017, and was predominantly driven by rising food and energy prices.

Inflation came in at 2.7% in January, from December’s 2.0%. January's figure was the highest inflation rate since May 2019. Annual average inflation edged up to 1.9% in January (December: 1.8%). Core inflation edged down to 1.7% from the previous month's 1.8%.

FocusEconomics’ analysts forecast inflation to end 2021 at 2.0%, up 0.2 percentage points from last month’s forecast, and end 2022 at 2.2%.


Author:, Economist

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Peru Inflation January 2021

Note: Month-on-month and year-on-year variation of consumer price index in %.
Source: Peru National Statistical Institute (INEI).


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