Inflation in Peru
Consumer price inflation in Peru averaged 3.3% in the ten years to 2022, below the Latin America regional average of 8.4%. The 2022 average figure was 7.9%. 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 2023.
Source: Macrobond.
Peru Inflation Data
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Inflation (CPI, ann. var. %, aop) | 2.1 | 1.8 | 4.0 | 7.9 | 6.3 |
Inflation (CPI, ann. var. %, eop) | 1.9 | 2.0 | 6.4 | 8.5 | 3.2 |
Inflation (Core, ann. var. %, eop) | 2.2 | 1.8 | 3.8 | 6.5 | 4.4 |
Inflation (WPI, ann. var. %, eop) | -0.1 | 1.6 | 13.6 | 7.0 | -1.0 |
Inflation increases in June
Inflation edged up to 2.3% in June, following May’s 2.0%, in line with the Central Bank’s 1.0–3.0% target. Looking at the details of the release, transport prices rose at a quicker pace in June compared to the previous month, while price pressures for food and beverages declined at a slower pace. The trend pointed down, with annual average inflation coming in at 3.6% in June (May: 4.0%). Lastly, consumer prices increased 0.12% in June over the previous month, swinging from the 0.09% drop logged in May.
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 34 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.
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