Peru's annual inflation eased for the fourth month to 7.90% in May 2023, down from 7.96% in the prior month, but staying well above the central bank's 1%-3% target range for the 24th consecutive month. It was the softest reading since March 2022, as prices slowed down primarily for restaurants & hotels (8.69% vs 9.14% in April); miscellaneous goods & services (6.17% vs 6.68%); transportation (6.28% vs 8.44%) and recreation & culture (3.45% vs 4.31%). However, prices accelerated further for other CPI terms such as food & non-alcoholic beverages (16.41% vs 14.47%). On a monthly basis, consumer prices rose by 0.32% in May, compared with market expectations of a 0.25% increase and following a 0.56% advance in the prior month. source: Instituto Nacional de Estadística e Informática (INEI)

Inflation Rate in Peru averaged 254.12 percent from 1970 until 2023, 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. This page provides - Peru Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Peru Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Inflation Rate in Peru is expected to be 6.49 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Peru Inflation Rate is projected to trend around 2.00 percent in 2024, according to our econometric models.

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Peru Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-05-01 09:30 AM Apr 8% 8.40% 7.87%
2023-06-01 10:10 AM May 7.9% 8% 7.61%
2023-07-03 11:30 AM Jun 7.9% 6.49%


Related Last Previous Unit Reference
Inflation Rate 7.90 7.96 percent May 2023
Consumer Price Index CPI 111.37 111.01 points May 2023
Core Inflation Rate 6.73 6.77 percent Apr 2023
Core Consumer Prices 108.84 108.31 points Apr 2023
Producer Prices 133.93 135.06 points May 2023
CPI Transportation 111.40 111.34 points May 2023
CPI Housing Utilities 103.65 103.65 points May 2023
Inflation Rate MoM 0.32 0.56 percent May 2023

Peru Inflation Rate
In Peru, the most important categories in the CPI baskets are Food & Non-alcoholic Beverages (24% of the total weight); Restaurants & Hotels (16%); Transportation (12%). Housing, Water, Electricity & Other Fuels account for 10% and Education for 8%. Others include: Miscellaneous Goods & Services (7%), Furniture & Household Equipment & Conservation (5%), Clothing & Footwear (5%), Leisure & Culture (4%) and Alcoholic Beverages, Narcotics and Tobacco (2%). The index has a base of 100 as of 2021. The index tracks the metropolitan area of Lima.
Actual Previous Highest Lowest Dates Unit Frequency
7.90 7.96 12377.32 -1.11 1970 - 2023 percent Monthly
2001=100

News Stream
Peru Inflation Rate Ebbs to Over 1-Year Low
Peru's annual inflation eased for the fourth month to 7.90% in May 2023, down from 7.96% in the prior month, but staying well above the central bank's 1%-3% target range for the 24th consecutive month. It was the softest reading since March 2022, as prices slowed down primarily for restaurants & hotels (8.69% vs 9.14% in April); miscellaneous goods & services (6.17% vs 6.68%); transportation (6.28% vs 8.44%) and recreation & culture (3.45% vs 4.31%). However, prices accelerated further for other CPI terms such as food & non-alcoholic beverages (16.41% vs 14.47%). On a monthly basis, consumer prices rose by 0.32% in May, compared with market expectations of a 0.25% increase and following a 0.56% advance in the prior month.
2023-06-02
Peru Inflation Rate Softens to 5-Month Low
The annual inflation rate in Peru eased for the second month to a five-month low of 8.40% in March 2023, from 8.65% in February, though staying well above the central bank's 1%-3% target range for the 22nd consecutive month. Prices slowed down mostly for food & non-alcoholic beverages (15.63% vs 15.86% in February); transportation (9.25% vs 11.50%); restaurants & hotels (9.17% vs 9.27%). On a monthly basis, consumer prices inched up by 1.25% in March, the most in a year, above market estimates of a 1% rise, mainly on account of prices of education (4.79%) and food & non-alcoholic beverages (2.79%).
2023-04-03
Peru Inflation Rate Ticks Down in February
The annual inflation rate in Peru eased marginally to 8.65% in February 2023, from 8.66% in January, staying well above the central bank's 1%-3% target range for the 21st consecutive month. On a monthly basis, consumer prices rose 0.29%, up from a 0.23% increase in the prior month but below market forecasts of 0.42%. Over the past two months, Peru has seen a historic wave of anti-government protests and escalation of violence, which was reflected in a severe shortage of goods. In Peru, over 40% of the population lives below the poverty line.
2023-03-01