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Inflation Rate Trends and Forecast for Peru from 1990 to 2029

Inflation Rate Trends and Forecast for Peru from 1990 to 2029

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TGM StatBox. (2024). Inflation Rate Trends and Forecast for Peru from 1990 to 2029. TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2029
Country: Peru
Published date: 2024
Note: The Inflation rate (average consumer prices), as defined by the International Monetary Fund (IMF), measures the annual percentage change in the average level of prices of goods and services consumed by households.
Key Takeaways
Peru experienced hyperinflation in 1990, reaching 7,481.7%, a result of severe economic mismanagement and political instability. Reforms in the 1990s, including fiscal tightening and currency stabilization, significantly reduced inflation to 3.5% by 1999. Inflation remained low and stable through the 2000s, averaging 2-3%.

In 2022, inflation rose to 7.9%, driven by global commodity price increases and supply chain disruptions. Projections indicate inflation will stabilize at 2.0% from 2026, reflecting Peru’s strong commitment to macroeconomic stability.

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