Peru: Inflation drops to lowest level since September 2024 in January
Latest reading: Inflation inched down to 1.9% in January, following December’s 2.0%. January’s result represented the weakest inflation rate since September 2024, and was in line with the Central Bank’s 1.0–3.0% target. The downtick was due to softer price pressures for food and beverages plus clothing.
Annual average inflation fell to 2.3% in January (December: 2.4%).
Lastly, consumer prices dropped 0.09% in January over the previous month, contrasting December’s 0.11% increase. January’s result marked the weakest reading since October 2024.