Inflation in Peru
Peru - Inflation
Inflation inches down in July
Consumer prices increased 0.94% over the previous month in July, slowing from the 1.19% increase seen in June. Looking at the details of the release, prices for transport and food and beverages increased the most.
Inflation came in at 8.7% in July, down from June’s 8.8%, which had marked the highest inflation rate since July 1997. Annual average inflation rose to 6.7% in July (June: 6.3%). Lastly, core inflation rose to 6.2% in July, from the previous month's 5.8%.
FocusEconomics panelists see inflation ending 2022 at 5.8%, which is up 0.6 percentage points from last month’s estimate, and 2023 at 3.3%.
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: Inflation inches down in July
August 8, 2022
Consumer prices increased 0.94% over the previous month in July, slowing from the 1.19% increase seen in June.
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Peru: Economic activity records slowest expansion since December 2021 in May
July 26, 2022
Economic activity expanded 2.3% year on year in May (April: +3.7% yoy).
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Peru: Inflation rises in June
July 7, 2022
Consumer prices increased 1.19% over the previous month in June, picking up from the 0.38% increase seen in May.
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Peru: Central Bank raises rates in July
July 7, 2022
At its 7 July meeting, the Central Bank of Peru raised its key policy interest rate by 50 basis points to 6.00%, bringing total hikes this year to 350 basis points. The hike was driven by a desire to rein in rising inflation and inflation expectations, both of which are well above the 1.0–3.0% target range.
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Peru: Merchandise exports decrease in May
July 7, 2022
Merchandise exports declined 0.8% in annual terms in May (April: +11.9% year-on-year).
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