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.