Macchu Picchu Peru

Peru Inflation April 2024

Peru: Inflation declines to lowest level since April 2021 in April

Inflation came in at 2.4% in April, which was down from March’s 3.0%. April’s figure marked the weakest inflation rate since April 2021. The decline was broad-based, with lower price pressures recorded for recreation and entertainment, food and beverages, and transport and communication. Moreover, prices for clothing grew at a more subdued pace.

In addition, the trend pointed down, with annual average inflation coming in at 4.5% in April (March: 4.9%). Meanwhile, core inflation fell to 3.7% in April, from March’s 4.0%.

Lastly, consumer prices fell 0.05% in April over the previous month, swinging from the 1.01% increase seen in March. April’s result marked the weakest reading since November 2023.

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