The annual inflation rate in Peru rose to 6.4 percent in December of 2021 from 5.8 percent in the previous month. It was the highest inflation rate since January 2009, due to faster rises in prices of food and non-alcoholic beverages (8.0 percent vs 6.7 percent in November), transportation (7.8 percent vs 7 percent), housing and utilities (13.3 percent vs 12.3 percent), and furniture and household maintenance (3.0 percent vs 2.5 percent), amid the depreciation of the local currency against the U.S. dollar On a monthly basis, consumer prices rose by 0.8 percent, accelerating from a 0.4 percent gain in November. For 2022, the central bank expects Peru's inflation to slow down to 2.9 percent. source: Instituto Nacional de Estadística e Informática (INEI)
Inflation Rate in Peru averaged 261.24 percent from 1970 until 2021, 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 January of 2022.
Inflation Rate in Peru is expected to be 5.80 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 2023, according to our econometric models.