Peru: Inflation falls to lowest level since September 2018 in March
Latest reading: Inflation came in at 1.3% in March, which was down from February’s 1.5%. March’s result represented the weakest inflation rate since September 2018 but was in line with the Central Bank’s 1.0–3.0% target. The decrease was primarily due to weaker price pressures for housing and food.
In addition, the trend pointed down mildly, with annual average inflation coming in at 2.0% in March (February: 2.1%).
Finally, consumer prices increased 0.81% in March over the previous month, accelerating from February’s 0.19% increase. March’s figure was the highest reading since March 2024.