The annual inflation rate in Peru rose for the third straight month to 3.81 percent in July, its highest level since March of 2017. The uptick in inflation comes after a month of political uncertainty following a tight election, which has put pressure on the local currency. On a monthly basis, consumer prices rose 1.01 percent in July, the fastest increase in 52 months, mainly on account of prices of housing & utilities (2.37 percent); food & beverages (1.51 percent) and transport & communication (0.92 percent). source: Instituto Nacional de Estadística e Informática (INEI)
Inflation Rate in Peru averaged 262.89 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 August of 2021.
Inflation Rate in Peru is expected to be 3.40 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 2.20 percent in 2022 and 2.50 percent in 2023, according to our econometric models.