Latest reading: Inflation ticked up to 2.4% in July, following June’s 2.3%. Looking at the details of the release, prices...
Inflation in Peru
Consumer price inflation in Peru averaged 3.5% in the ten years to 2024, in line with the Latin America regional average of 10.8%. The 2024 average figure was 2.4%. For more information on inflation, visit our dedicated page.
Peru Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Peru from 2025 to 2024.
Source: Macrobond.
Peru Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 1.8 | 4.0 | 7.9 | 6.3 | 2.4 |
| Inflation (CPI, ann. var. %, eop) | 2.0 | 6.4 | 8.5 | 3.2 | 2.0 |
| Inflation (Core, ann. var. %, eop) | 1.8 | 3.8 | 6.5 | 4.4 | 2.6 |
| Inflation (WPI, ann. var. %, eop) | 1.6 | 13.6 | 7.0 | -1.0 | -1.4 |
Inflation rises in September
Latest reading: Consumer prices rose 1.4% on a year-on-year basis in September, following a 1.1% rise in the previous month. Relative to the prior month's figures, there were higher price pressures for recreation and entertainment (+2.2% yoy vs +2.1% in August), food and beverages (+0.5% vs 0.0% in August) and transport (+0.1% vs -0.2% in August). In contrast, price pressures reduced for housing and utilities (-0.7% vs -0.5% in August). Finally, the change in clothing prices was the same as in the prior month (+0.9% in September and August). Finally, consumer prices were virtually stable in September in month-on-month terms, following a 0.29% fall in the previous month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Peruvian inflation projections for the next ten years from a panel of 33 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Peruvian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Peruvian inflation projections.
Want to get access to the full dataset of Peruvian inflation forecasts? Send an email to info@focus-economics.com.
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