Inflation in Peru

Peru Inflation | Economic News & Forecasts

Peru - Inflation

Inflation at nine-month high in July

Consumer prices in Metropolitan Lima increased 0.38% month-on-month in July, above June’s 0.33% rise. July’s increase was mainly the result of higher prices for transport and communication, as a result of the increase in the selective consumption tax approved in May; higher prices for food and beverages, and higher prices for residential electricity following the new tariff plan approved on 4 July.

Meanwhile, inflation increased to 1.6% in July (June: 1.4%), moving further away from March’s over seven-year low. In July, core consumer prices, which exclude energy and food prices, increased 0.2% from the previous month, below June’s 0.4% increase. Finally, core inflation rose to an eight-month high of 2.4% in July, marginally above June’s 2.3%.

Peru Inflation Forecast

The Central Bank expects inflation to end 2018 at 2.0%. Panelists participating in the LatinFocus Consensus Forecast expect inflation to end 2018 at 2.8%, which is up 0.1 percentage points from last month’s projection. For 2019, the panel expects inflation of 2.7%.

Peru - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)2.8  3.3  3.6  3.6  2.8  

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Peru Inflation Chart

Peru Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Peru National Statistical Institute and FocusEconomics calculations.

Peru Facts

Bond Yield5.13-0.60 %Aug 14
Exchange Rate3.32-0.06 %Aug 15
Stock Market19,533-0.23 %Aug 15

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