Peru's annual consumer price inflation increased to 2 percent in November of 2018 from 1.84 percent in the previous month. It is the highest inflation rate since October 2017, as prices continued to rise for food, rental housing, gasoline and electricity. On a monthly basis, consumer prices went up 0.12 percent, higher than a 0.08 percent rise in September. Inflation expectations for 2018 within the 1%-3% range. Inflation Rate in Peru averaged 277.10 percent from 1970 until 2018, 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 2.20 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.