The annual inflation rate in Peru fell to 2.04 percent in August 2019 from 2.11 percent in the previous month. This was the lowest inflation rate since February. On a monthly basis, consumer prices went up 0.06 percent, after increasing 0.2 percent in the prior month, mainly due to prices of transport and education. Inflation Rate in Peru averaged 272.95 percent from 1970 until 2019, reaching an all time high of 12377.32 percent in August of 1990 and a record low of -1.11 percent in February of 2002.
Inflation Rate in Peru is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Peru to stand at 2.30 in 12 months time. In the long-term, the Peru Inflation Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.