Peru’s annual inflation rate eased for the second straight month to 8.41% in August of 2022, from 8.74% in the prior month. It was the lowest reading since May. On a monthly basis, consumer prices were up by 0.67%, following a 0.94% rise in the prior month, mainly due to a slight slowdown in prices of restaurants & hotels (0.63% vs 0.79% in July) and a decrease in transport costs (-0.87% vs 2.49%). Meanwhile, prices increased further for other CPI categories, including food & non-alcoholic beverages (1.71% vs 1.56%); housing & utilities (1.23% vs 0.45%); education (0.68% vs 0.01%); health (0.67% vs 0.59%); furnishings & household equipment (0.33% vs 0.26%) and clothing & footwear (0.26% vs 0.18%). source: Instituto Nacional de Estadística e Informática (INEI)

Inflation Rate in Peru averaged 257.62 percent from 1970 until 2022, 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 September of 2022.

Inflation Rate in Peru is expected to be 8.00 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 3.00 percent in 2023, according to our econometric models.

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Peru Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-08-01 03:00 PM Jul 8.74% 8.81% 8.40%
2022-09-01 03:15 PM Aug 8.41% 8.74% 7.65%
2022-10-01 03:00 PM Sep 8.41% 7.51%


Related Last Previous Unit Reference
Inflation Rate 8.41 8.74 percent Aug 2022
Consumer Price Index CPI 106.13 105.42 points Aug 2022
Core Inflation Rate 6.25 6.17 percent Aug 2022
Core Consumer Prices 143.79 143.01 points Dec 2021
Producer Prices 134.48 134.85 points Aug 2022
Inflation Rate MoM 0.67 0.94 percent Aug 2022
CPI Transportation 107.08 105.95 points Aug 2022
CPI Housing Utilities 103.53 102.83 points Aug 2022

Peru Inflation Rate
In Peru, the most important categories in the CPI basket are Food and Non-Alcoholic Beverages (25.7 percent of the total weight); Transportation (12.6 percent) and Restaurants and Hotels (11.9 percent). Housing, Water, Electricity and Other Fuels account for 9.2 percent and Education for 9.1 percent. Others include: Miscellaneous Goods and Services (6.8 percent); Furniture and Household Equipment and Conservation (5.7 percent); Clothing and Footwear (5.5 percent); Leisure and Culture (5.4 percent); Communications (4.3 percent); Health Care (3.4 percent) and Alcoholic Beverages, Narcotics and Tobacco (1.2 percent). The CPI index has a base of 100 as of 2009. The index tracks the metropolitan area of Lima.
Actual Previous Highest Lowest Dates Unit Frequency
8.41 8.74 12377.32 -1.11 1970 - 2022 percent Monthly
2001=100

News Stream
Peru Inflation Rate Slows for 2nd Month
Peru’s annual inflation rate eased for the second straight month to 8.41% in August of 2022, from 8.74% in the prior month. It was the lowest reading since May. On a monthly basis, consumer prices were up by 0.67%, following a 0.94% rise in the prior month, mainly due to a slight slowdown in prices of restaurants & hotels (0.63% vs 0.79% in July) and a decrease in transport costs (-0.87% vs 2.49%). Meanwhile, prices increased further for other CPI categories, including food & non-alcoholic beverages (1.71% vs 1.56%); housing & utilities (1.23% vs 0.45%); education (0.68% vs 0.01%); health (0.67% vs 0.59%); furnishings & household equipment (0.33% vs 0.26%) and clothing & footwear (0.26% vs 0.18%).
2022-09-01
Peru Inflation Rate Slows to 8.74% in July
Peru’s annual inflation rate eased to 8.74% in July of 2022, from 8.81% in the prior month, which was the highest since July of 1997. On a monthly basis, consumer prices inched up by 0.94%, following a 1.19% advance in the prior month but above market estimates of a 0.68% rise, helped by slower increases in prices of transport (2.49% vs 3.24% in June) and food (1.56% vs 1.88%).
2022-08-01
Peru Inflation Rate at 25-Year High
Peru’s annual inflation rate inched up to 8.81 percent in May of 2022, from a downwardly revised 8.09 percent in the previous month. It was the highest inflation rate since July of 1997, due to soaring prices of food and energy. On a monthly basis, consumer prices rose 1.19 percent, accelerating sharply from a 0.38 percent rise in the previous month.
2022-07-01