Peru: Inflation declines to lowest level since August 2018 in August
Latest reading: Inflation eased to 1.1% in August, following July’s 1.7%. August’s reading marked the weakest inflation rate since August 2018 and was near the lower bound of the Central Bank’s 1.0–3.0% target. The reading was primarily due to softer price pressures for recreation and entertainment, food and beverages, and clothing.
In addition, the trend pointed down mildly, with annual average inflation coming in at 1.7% in August (July: 1.8%).
Finally, consumer prices dropped 0.29% in August over the previous month, contrasting July’s 0.23% rise. August’s result marked the sharpest fall in prices since October 2023.