Inflation in Peru
Peru - Inflation
Inflation picks up in November
Inflation came in at 8.5% in December, up from November’s 8.4%. The most pronounced increases were recorded for prices of food and non-alcoholic beverages and transport. Annual average inflation rose to 7.9% in December (November: 7.7%).
Consumer prices increased 0.79% over the previous month in December, accelerating from the 0.52% increase seen in the month prior.
FocusEconomics panelists see inflation ending 2023 at 2.6%, which is unchanged from last month’s estimate, and 2024 at 2.2%.
Peru - Inflation Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 3.6 | 3.6 | 2.8 | 1.3 | 2.1 |
Peru Inflation Chart
Source: Peru National Statistical Institute and FocusEconomics calculations.
Peru Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.0 | -0.60 % | Nov 08 |
| Exchange Rate | 3.31 | -0.06 % | Jan 01 |
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Economic News
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Peru: Economic activity growth loses pace in November
January 23, 2023
Economic activity grew 1.7% year on year in November (October: +2.0% yoy).
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Peru: New government formed and snap elections likely following Castillo’s attempted coup
January 17, 2023
Political instability is likely to persist following the formation of a new government. Further loosening of the fiscal purse strings is expected ahead of elections in 2024.
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Peru: Merchandise exports decline in November
January 13, 2023
Merchandise exports dived 21.4% year-on-year in November, following October’s 9.2% fall.
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Peru: Central Bank hikes again in December
January 12, 2023
At its 12 January meeting, the Central Bank of Peru raised its key policy interest rate by 25 basis points to 7.75%. The Bank continued to tighten the monetary policy stance in order to reduce elevated inflation and bring down inflation expectations, both of which remain well above the 1.0–3.0% target range.
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Peru: Inflation picks up in November
January 10, 2023
Inflation came in at 8.5% in December, up from November’s 8.4%.
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