Cost of food in Peru increased 1.78 percent in August of 2019 over the same month in the previous year. Food Inflation in Peru averaged 3.61 percent from 2006 until 2019, reaching an all time high of 10.72 percent in March of 2008 and a record low of -2.57 percent in March of 2018.
Food Inflation in Peru is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Peru to stand at 2.50 in 12 months time. In the long-term, the Peru Food Inflation is projected to trend around 2.20 percent in 2020, according to our econometric models.