The annual inflation rate in Peru’s capital, Lima, climbed to 3.80% in March 2026, from 2.21% in the previous month. This marked the highest reading since October 2023 and exceeded the central bank’s target range of 1%–3%, with Central Reserve Bank (BCR) Governor Julio Velarde attributing the increase to a natural gas emergency caused by the rupture of the Camisea gas pipeline earlier in the month, as well as rising fuel prices driven by the Middle East conflict. He also noted that the shock is expected to be temporary and to ease over the course of the year. The central bank expects that year-end inflation will settle at 2.4%, largely influenced by higher fuel costs, which in turn affect food prices. Costs increased at a faster pace for both food and non-alcoholic beverages (5.4% vs 3.99% in February) and transportation (11.47% vs 1.95%). On a monthly basis, consumer prices jumped to 2.38% from 0.69% in February, marking the highest level since December 1993. source: Instituto Nacional de Estadística e Informática (INEI)

Inflation Rate in Peru increased to 3.63 percent in March from 2.21 percent in February of 2026. Inflation Rate in Peru averaged 241.46 percent from 1970 until 2026, 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 April of 2026.

Inflation Rate in Peru increased to 3.63 percent in March from 2.21 percent in February of 2026. Inflation Rate in Peru is expected to be 2.90 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 2.40 percent in 2027 and 2.30 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-02 09:00 AM
Inflation Rate YoY
Feb 2.21% 1.70% 1.8%
2026-04-01 08:00 AM
Inflation Rate YoY
Mar 3.80% 2.21% 2.4%
2026-05-01 10:00 AM
Inflation Rate YoY
Apr 3.80%


Related Last Previous Unit Reference
Consumer Price Index CPI 119.59 116.81 points Mar 2026
Core Consumer Prices 116.91 116.65 points Feb 2026
Core Inflation Rate 2.13 2.19 percent Feb 2026
CPI Housing Utilities 103.94 102.70 points Mar 2026
CPI Transportation 124.08 115.04 points Mar 2026
Inflation Rate YoY 3.80 2.21 percent Mar 2026
Inflation Rate MoM 2.38 0.69 percent Mar 2026
Producer Prices 126.57 126.08 points Feb 2026


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
3.80 2.21 12377.32 -1.11 1970 - 2026 percent Monthly
2001=100

News Stream
Peru Inflation Rate Highest Since 2023
The annual inflation rate in Peru’s capital, Lima, climbed to 3.80% in March 2026, from 2.21% in the previous month. This marked the highest reading since October 2023 and exceeded the central bank’s target range of 1%–3%, with Central Reserve Bank (BCR) Governor Julio Velarde attributing the increase to a natural gas emergency caused by the rupture of the Camisea gas pipeline earlier in the month, as well as rising fuel prices driven by the Middle East conflict. He also noted that the shock is expected to be temporary and to ease over the course of the year. The central bank expects that year-end inflation will settle at 2.4%, largely influenced by higher fuel costs, which in turn affect food prices. Costs increased at a faster pace for both food and non-alcoholic beverages (5.4% vs 3.99% in February) and transportation (11.47% vs 1.95%). On a monthly basis, consumer prices jumped to 2.38% from 0.69% in February, marking the highest level since December 1993.
2026-04-01
Peru Inflation Rate at 15-Month High
The annual inflation rate in Peru’s capital, Lima, accelerated to 2.21% in February 2026 from 1.70% in the previous month. This marked the highest reading since November 2024 but remained within the central bank’s target range of 1% to 3%. Prices grew in food and non-alcoholic beverages (3.99% vs 2.13% in January), alcoholic beverages and tobacco (0.97% vs 0.94%), health (0.74% vs 0.67%), and transportation (1.95% vs 1.81%). At the same time, deflation slowed for housing utilities (-1.25% vs -2.52%). In contrast, costs decreased in clothing and footwear (1.34% vs 1.43%), recreation and culture (1.94% vs 1.98%), education (3.84% vs 4.02%), and restaurants and hotels (2.56% vs 2.66%). On a monthly basis, the CPI in Lima increased by 0.69% in February from 0.10% in the preceding month.
2026-03-02
Peru Inflation Rate at 13-Month High of 1.7%
The annual inflation rate in Peru’s capital, Lima, accelerated to 1.70% in January 2026 from 1.51% in December. It marked the highest inflation rate since December 2024 but remained within the central bank’s target range of 1% to 3%. The acceleration in inflation was mainly driven by faster increases in the prices of food and non-alcoholic beverages (2.13% vs 1.68% in December), the highest in 22 months, while transportation prices rose more sharply (1.81% vs 1.05%). Conversely, housing and utilities prices fell at a faster pace (-2.52% vs -2.34%). On a monthly basis, the CPI in Lima edged up 0.10% in January, easing from a 0.24% increase in December, which was the fastest pace in eight months.
2026-02-01