Development of inflation rates in Peru
The inflation rate for consumer prices in Peru moved over the past 40 years between 0.2% and 7,481.7%. For 2019, an inflation rate of 2.1% was calculated.
During the observation period from 1979 to 2019, the average inflation rate was 325.3%
per year. Overall, the price increase was 24,852,352,507.37 %. An item that cost 100 Sol in 1979 was so charged 24,852,352,607.37 Sol in the beginning of 2020.
In only a very few countries, the price increase is that high. The rate of 7,481.7% in 1990 means, that compared to the previous year all prices have been increased by an average of 7,481.7%. In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Back to overview: Peru