Peru Inflation July 2022

Peru

Peru: Inflation inches down in July

August 8, 2022

Consumer prices increased 0.94% over the previous month in July, slowing from the 1.19% increase seen in June. Looking at the details of the release, prices for transport and food and beverages increased the most.

Inflation came in at 8.7% in July, down from June’s 8.8%, which had marked the highest inflation rate since July 1997. Annual average inflation rose to 6.7% in July (June: 6.3%). Lastly, core inflation rose to 6.2% in July, from the previous month's 5.8%.

FocusEconomics panelists see inflation ending 2022 at 5.8%, which is up 0.6 percentage points from last month’s estimate, and 2023 at 3.3%.


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