Inflation in Peru
Consumer price inflation in Peru averaged 3.5% in the ten years to 2024, in line with the Latin America regional average of 10.8%. The 2024 average figure was 2.4%. For more information on inflation, 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 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.
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 35 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
-
Chile: Inflation falls to over one-year low in August Latest reading: Inflation ticked down to 4.0% in August from July’s 4.3%. August’s figure marked the lowest inflation rate since... -
Mexico: Inflation rises in August but remains on-target Latest reading: Inflation came in at 3.6% in August, which was up from July’s 3.5%. The reading was in line... -
China: Consumer prices post greatest decline since February in August Latest reading: Consumer prices fell 0.4% on an annual basis in August, swinging from July’s flat reading and a sharper... -
Taiwan: Inflation rises in August but remains mild Latest reading: Inflation rose to 1.6% in August, above July’s 1.5%. The acceleration was primarily driven by increasing price pressures... -
Hungary: Inflation remains stable in August Latest reading: Inflation came in at 4.3% in August, matching July’s figure and remaining above the ceiling of the Central... -
Dominican Republic: Inflation increases in August Latest reading: Inflation ticked up to 3.7% in August from July’s 3.4%, inching closer to the midpoint of the Central... -
Guatemala: Inflation remains stable in August Latest reading: Inflation came in at 1.2% in August, matching July’s figure. Price pressures for food and alcoholic beverages ticked...