Peru's annual inflation rate declined to 1.69 percent in August 2020 from 1.86 percent in the previous month, mainly due to a softer rise in food & alcoholic beverages prices (1.74 percent vs 2.31 percent in July). On a monthly basis, consumer prices went down 0.11 percent, after a 0.46 percent gain in July, and compared to market consensus of a 0.10 percent fall.
Inflation Rate in Peru averaged 267.60 percent from 1970 until 2020, 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 September of 2020. source: Instituto Nacional de Estadística e Informática (INEI)
Inflation Rate in Peru is expected to be 1.80 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 2.10 in 12 months time. In the long-term, the Peru Inflation Rate is projected to trend around 2.40 percent in 2021 and 2.50 percent in 2022, according to our econometric models.