Peru Inflation Rate Climbs to Highest Since 2023

2026-11-02 10:03 By Larissa Caser 1 min. read

The annual inflation rate in Peru's capital, Lima, rose to 5.25% in October 2026, its highest level since August 2023, up from 4.55% in the prior month.This marks the eighth consecutive month above the central bank's 1%-3% target range, as higher global fuel prices and adverse weather linked to the El Niño phenomenon continued to impact transport, agriculture and fishing.

Food inflation rose to its highest level since October 2023.

Additional upward pressure came from restaurants and hotels (4.49% vs. 4.35%), transport (15.75% vs. 15.1%), housing and utilities (4.04% vs. 3.39%), education (3.54% vs. 3.49%), furnishings (3.62% vs. 3.39%), clothing and footwear (1.9% vs. 1.88%), and recreation and culture (2.41% vs. 2.3%).

In contrast, communication costs fell further, declining 4.61% after a 4.3% drop.

On a monthly basis, consumer prices rose 0.57%, compared with a 0.12% increase in September.



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Peru Inflation Rate Climbs to Highest Since 2023
The annual inflation rate in Peru's capital, Lima, rose to 5.25% in October 2026, its highest level since August 2023, up from 4.55% in the prior month.This marks the eighth consecutive month above the central bank's 1%-3% target range, as higher global fuel prices and adverse weather linked to the El Niño phenomenon continued to impact transport, agriculture and fishing. Food inflation rose to its highest level since October 2023. Additional upward pressure came from restaurants and hotels (4.49% vs. 4.35%), transport (15.75% vs. 15.1%), housing and utilities (4.04% vs. 3.39%), education (3.54% vs. 3.49%), furnishings (3.62% vs. 3.39%), clothing and footwear (1.9% vs. 1.88%), and recreation and culture (2.41% vs. 2.3%). In contrast, communication costs fell further, declining 4.61% after a 4.3% drop. On a monthly basis, consumer prices rose 0.57%, compared with a 0.12% increase in September.
2026-11-02
Peru Inflation Rate Hits 3-Year High of 4.55%
The annual inflation rate in Peru's capital, Lima, rose further to 4.55% in September 2026, marking its fastest pace in three years, up from August's 4.44%.This marks the seventh consecutive month above the central bank's 1%-3% target range, as higher global fuel prices and adverse weather linked to the El Niño phenomenon continued to impact transport, agriculture and fishing. By categories, the highest rates were recorded for transportation (15.10% vs 14.79% in August); restaurants & hotels (4.35% vs 4.27%); food & non-alcholic beverages (3.87% vs 3.87%) and education (3.50% vs 3.50%). Meanwhile, prices declined for communications (-4.30% vs -4.35%). On a monthly basis, the CPI rose by 0.12% in September, after a 0.07% increase in the month before.
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Peru Annual Inflation Accelerates Further
The annual inflation rate in Peru's capital, Lima, accelerated to 4.44% in August 2026, marking the fastest pace in nearly three years, up from 4.07% in July. Price pressures have strengthened since March amid a domestic gas crisis, higher global fuel prices, and adverse weather affecting crop yields and fishing. Inflation accelerated for food, rising to 3.9% from 3.5%, and restaurants and hotels (4.3% vs 4.2%), while transport costs surged further by 14.8% after a 14.3% rise. Price growth in housing and utilities also added upward pressure, rising sharply to 3.1% from 1.3%. From the previous month, consumer prices rose 0.07%, easing from a 0.29% rise in the prior month.
2026-09-01