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Peru Inflation December 2023

Peru: Inflation slows in December

Inflation came in at 3.2% in December, which was down from November’s 3.6% and marked the lowest reading since May 2021. That said, the print remained slightly above the Central Bank’s 1.0-3.0% target range for the 29th consecutive month. The latest print came amid moderations in prices for food and non-alcoholic beverages, transportation, and recreation and culture.

Annual average inflation dropped to 6.3% in December from 6.7% in November. Lastly, consumer prices rose 0.41% over the previous month in December, contrasting the 0.16% decrease logged in November.

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