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.

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Peru Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.95 3.81 12377.32 -1.11 1970 - 2021 percent Monthly
2001=100


Calendar GMT Actual Previous Consensus TEForecast
2021-06-01 03:30 PM May 2.45% 2.38%
2021-07-01 03:30 PM Jun 3.25% 2.45% 3.0%
2021-08-01 05:00 PM Jul 3.81% 3.25% 2.8%
2021-09-01 03:15 PM Aug 4.95% 3.81% 3.9%
2021-10-01 03:30 PM Sep 4.95% 5%
2021-11-02 02:00 AM Oct
2021-12-02 05:00 AM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Peru Inflation Rate at Over 12-Year High
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).
2021-09-01
Peru July Inflation Rate Highest since 2017
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).
2021-08-02
Peru Inflation Rate at Over 4-Year High
Peru's annual inflation rate quickened to 3.25 percent in June of 2021, from 2.45 percent in the previous month. It was the steepest increase in consumer prices since April of 2017, underpinned by prices of food and non-alcoholic beverages (3.7 percent), housing & utilities (6.9 percent), transport & communications (3.7 percent), and recreational, cultural & educational services (2.1 percent). On a monthly basis, consumer prices advanced 0.52 percent, following a 0.27 percent increase in April.
2021-07-01
Peru Inflation Rate Rises in May
Peru's annual inflation rate rose to 2.45 percent in May of 2021 from 2.38 percent in the previous month, as prices advanced faster for food and non-alcoholic beverages (2.06 percent vs 2.00 percent in April), transport (2.76 percent vs 2.33 percent) and restaurants and hotels (1.95 percent vs 1.86 percent). On a monthly basis, consumer prices edged up 0.27 percent in May, following a 0.10 percent drop in the prior month.
2021-06-01

Peru Inflation Rate
In Peru, the most important categories in the CPI basket are Food and Non-Alcoholic Beverages (25.7 percent of the total weight); Transportation (12.6 percent) and Restaurants and Hotels (11.9 percent). Housing, Water, Electricity and Other Fuels account for 9.2 percent and Education for 9.1 percent. Others include: Miscellaneous Goods and Services (6.8 percent); Furniture and Household Equipment and Conservation (5.7 percent); Clothing and Footwear (5.5 percent); Leisure and Culture (5.4 percent); Communications (4.3 percent); Health Care (3.4 percent) and Alcoholic Beverages, Narcotics and Tobacco (1.2 percent). The CPI index has a base of 100 as of 2009. The index tracks the metropolitan area of Lima.