Inflation Peru 2024
Average inflation: 2.0%
Current Inflation
Inflation is normal at 2.0%, around the ECB target.
Peak and Trough
The highest inflation was in January at 2.9%. The lowest inflation was in September at 1.4%.
- Highest month
- January: 2.9%
- Lowest month
- September: 1.4%
- Difference
- 1.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Core inflation with an average of 3.3%. The lowest price increase was in Energy with an average of -1.0%.
- Highest increase
- Core inflation: 3.3%
- Lowest increase
- Energy: -1.0%
Historical Context
Current inflation is 2.6% lower than the 5-year average of 4.6%.
- 5-year average
- 4.6%
- 10-year average
- 3.7%
- All-time high (2022)
- 8.3%
- All-time low (2018)
- 1.5%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +4.5 percentage point.
- Change vs. previous year
- -4.5 percentage points
- Largest monthly swing
- May: -6.3 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 2.9% | -6.0 |
| February | 2.9% | -6.1 |
| March | 2.7% | -6.0 |
| April | 2.1% | -5.9 |
| May | 1.7% | -6.3 |
| June | 1.9% | -4.8 |
| July | 1.8% | -4.2 |
| August | 1.7% | -4.1 |
| September | 1.4% | -3.9 |
| October | 1.5% | -3.0 |
| November | 1.9% | -1.9 |
| December | 1.7% | -1.7 |
| Average | 2.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.