The annual inflation rate in Peru fell to 1.85 percent in September 2019 from 2.04 percent in the previous month. It was the lowest inflation rate since October last year, as prices slowed for food & beverages (1.43 percent from 1.78 percent in August); transportation & communication (0.85 percent from 1.18 percent); miscellaneous goods & services (2.03 percent from 2.10 percent); furnishings (1.04 percent from 1.13 percent); and clothing & footwear (0.44 percent from 0.59 percent). On the other hand, cost rose further for housing & utilities (2.14 percent from 2.05 percent); recreation & culture (4.4 percent from 4.36); and health (1.65 percent from 1.59 percent). On a monthly basis, consumer prices went up 0.01 percent, easing from a 0.06 percent gain in the prior month. Inflation Rate in Peru averaged 272.50 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 2.40 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.