The annual inflation rate in Peru accelerated for a fourth straight month to 4.95 percent in August of 2021, from 3.81 percent in July. It is the highest rate since February of 2009, largely driven by a tumbling currency amid significant political turmoil since Pedro Castillo’s presidential election victory. On a monthly basis, consumer prices went up 0.98 percent, following a 1.01 percent rise in July, mainly influenced by an increase in housing and utilities (2.53 percent), namely natural gas (6.4 percent), propane (5.4 percent), electricity (3.2 percent) and water (2 percent). Further increases were seen in food and beverages (1.38 percent) attributed to fish (9.1 percent) and cooking oil (8.3 percent), along with transport and communication (0.81 percent), attributed to national airfare (9.8 percent) and fuels (2.7 percent). source: Instituto Nacional de Estadística e Informática (INEI)
Inflation Rate in Peru averaged 262.48 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 September 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.