The annual inflation rate in Peru rose to 2.59 percent in April 2019 from 2.25 percent in the previous month. It was the highest inflation rate since September 2017, as prices increased faster for food & beverages (2.65 percent compared to 1.90 percent in March); transportation & communication (2.94 percent compared to 2.55 percent); miscellaneous goods & services (2.21 percent compared to 2.11 percent); clothing & footwear (0.83 percent compared to 0.81 percent); and health (1.49 percent compared to 1.48 percent). Meantime, inflation was steady for furnishings (at 1.74 percent). On the other hand, inflation slowed for recreation & culture (3.92 percent compared to 3.99 percent). On a monthly basis, consumer prices went up 0.20 percent, after a 0.73 percent gain in the prior month. Inflation Rate in Peru averaged 274.78 percent from 1970 until 2019, 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.
Inflation Rate in Peru is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Peru to stand at 2.30 in 12 months time. In the long-term, the Peru Inflation Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.