Peru Inflation June 2022

Peru

Peru: Inflation rises in June

July 7, 2022

Consumer prices increased 1.19% over the previous month in June, picking up from the 0.38% increase seen in May. Looking at the details of the release, transport and communication prices rose at a quicker pace in June compared to the previous month and price pressures for food and beverages increased.

Inflation came in at 8.8% in June, up from May’s 8.1%. June's result was the highest inflation rate since July 1997. Annual average inflation rose to 6.3% in June (May: 5.8%). Lastly, core inflation rose to 5.8% in June, from the previous month's 5.5%.

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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Peru Inflation June 2022 0

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


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