Peru's annual inflation rate increased to 3.30% in February 2024, up from January's 2-1/2-year low of 3.02%. This uptick comes after 11 consecutive months of decelerating inflation. On a monthly basis, consumer prices inched up by 0.56% in February, marking the steepest increase in ten months, after a marginal rise of 0.02% in the prior month. source: Instituto Nacional de Estadística e Informática (INEI)

Inflation Rate in Peru increased to 3.30 percent in February from 3.02 percent in January of 2024. Inflation Rate in Peru averaged 250.67 percent from 1970 until 2024, 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 March of 2024.

Inflation Rate in Peru increased to 3.30 percent in February from 3.02 percent in January of 2024. Inflation Rate in Peru is expected to be 4.10 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 2025, according to our econometric models.

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Peru Inflation Rate


Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-01 03:00 PM
Inflation Rate YoY
Jan 3.02% 3.2% 3.1%
2024-03-01 07:00 AM
Inflation Rate YoY
Feb 3.30% 3.02% 2.9%
2024-04-01 03:00 PM
Inflation Rate YoY
Mar 4.1%


Related Last Previous Unit Reference
Inflation Rate 3.30 3.02 percent Feb 2024
Consumer Price Index CPI 112.62 111.99 points Feb 2024
Core Inflation Rate 4.24 4.39 percent Jan 2024
Core Consumer Prices 111.33 111.21 points Jan 2024
Producer Prices 131.88 132.85 points Jan 2024
Inflation Rate MoM 0.56 0.02 percent Feb 2024
CPI Transportation 113.10 114.08 points Jan 2024
CPI Housing Utilities 103.16 103.09 points Jan 2024

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
3.30 3.02 12377.32 -1.11 1970 - 2024 percent Monthly
2001=100

News Stream
Peru Inflation Rate Eases to 2-1/2-Year Low
Peru's annual inflation eased for the 11th month to 3.02% in January 2024 from 3.24% in the prior month, pointing to the lowest level since May 2021. The latest result came amid moderation in the cost of food & non-alcoholic beverages (3.03% vs 3.74% in December 2024) and recreation & culture (3.13% vs 3.46%), while prices fell for housing & utilities rose by (-1.93% vs 1.91%). Concurrently, prices of transportation rose (1.92% vs 1.55%). Figures remained above the central bank's 1%-3% target range for the 30th consecutive month. Monthly, consumer prices increased by 0.02% compared to the previous month’s 0.41% rise.
2024-02-05
Peru Inflation Rate Falls to 2-1/2-Year Low
Peru's annual inflation eased for the 10th month to 3.24% in December 2023 from 3.64% in the prior month, pointing to the lowest level since May 2021. The latest result came amid moderation in the cost of food & non-alcoholic beverages (3.74% vs 6.79% in October), transportation (1.55% vs 2.06%), and recreation & culture (3.46% vs 4.49%). Concurrently, prices of housing & utilities rose by 1.91%, rebounding from a 2.16% fall previously. Figures remained above the central bank's 1%-3% target range for the 29th consecutive month. Monthly, consumer prices increased by 0.41%, the most since April, compared with market forecasts of a 0.31% rise.
2024-01-01
Peru Inflation Rate Softens for 9th Month
Peru's annual inflation eased for the 9th month to 4.34% in October 2023, down from 5.04% in the prior month, though staying above the central bank's 1%-3% target range for the 28th consecutive month. It was the softest reading since August 2021, mainly due to a deceleration in prices of food & non-alcoholic beverages (6.79% vs 8.80% in September); transportation (2.06% vs 3.22%) and recreation & culture (4.49% vs 4.77%). Additionally, prices continued to decline for housing & utilities (-2.16% vs -2.38%). Monthly, consumer prices inched down by 0.32% in October, the most since October 2017, compared with market forecasts of a 0.18% increase.
2023-11-01