Latest reading: Inflation ticked up to 2.4% in May from April’s 2.3%. The reading was slightly above the Fed’s 2.0%...
Inflation in Peru
In the year 2024, the inflation in Peru was 2.35%, compared to 3.25% in 2014 and 6.26% in 2023. It averaged 3.54% over the last decade. For more inflation information, visit our dedicated page.
Peru Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Peru from 2014 to 2024.
Source: Macrobond.
Peru Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 1.8 | 4.0 | 7.9 | 6.3 | 2.4 |
| Inflation (CPI, ann. var. %, eop) | 2.0 | 6.4 | 8.5 | 3.2 | 2.0 |
| Inflation (Core, ann. var. %, eop) | 1.8 | 3.8 | 6.5 | 4.4 | 2.6 |
| Inflation (WPI, ann. var. %, eop) | 1.6 | 13.6 | 7.0 | -1.0 | -1.4 |
Inflation rises in April
Latest reading: Inflation came in at 1.7% in April, which was up from March’s 1.3% and in line with the Central Bank’s 1.0–3.0% target. Prices for food and beverages rebounded in April, driving the uptick. However, inflation was still muted by Latin American standards. The trend pointed down slightly, with annual average inflation coming in at 1.9% in April (March: 2.0%). Lastly, consumer prices rose 0.32% from the previous month in April, coming in below the 0.81% increase seen in March.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Peruvian inflation projections for the next ten years from a panel of 33 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Peruvian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Peruvian inflation projections.
Want to get access to the full dataset of Peruvian inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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United States: Inflation rises in May but undershoots expectations -
Taiwan: Inflation declines to lowest level since March 2021 in May Latest reading: Inflation eased to 1.5% in May, below April’s 2.0%. May’s figure marked the weakest inflation rate since March... -
Mexico: Inflation comes in at highest level since November 2024 in May Latest reading: Inflation came in at 4.4% in May, up from April’s 3.9%. May’s result represented the highest inflation rate... -
Ukraine: Inflation hits over two-year high in May Latest reading: Inflation came in at 15.9% in May, which was up from April’s 15.1% and was the highest one... -
Indonesia: Inflation moderates in May Latest reading: Inflation inched down to 1.6% in May, following April’s 1.9% and approaching the floor of the Central Bank’s... -
Thailand: Consumer prices drop further in May Latest reading: Consumer prices decreased 0.6% year on year in May, following April’s 0.2% fall. May’s reading represented the largest... -
Dominican Republic: Inflation increases to over one-year high in May Latest reading: Inflation rose to 3.8% in May from April’s 3.7%. May’s figure represented the highest inflation rate since November...