Latest reading: Inflation ticked up to 2.4% in July, following June’s 2.3%. Looking at the details of the release, prices...
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 remains steady in July
Latest reading: Inflation came in at 1.7% in July, unchanged from June’s figure and in line with the Central Bank’s 1.0–3.0% target. Looking at the details of the release, higher food price pressures offset weaker transport price pressures. The trend was unchanged, with annual average inflation coming in at June's 1.8% in July. Lastly, consumer prices increased 0.23% in July over the previous month, picking up from June's 0.13% increase.
Consensus Forecasts and Projections for the next ten years
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 36 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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