Peru’s June inflation reaches 4.01% annually as food prices surge, offsetting fuel declines

Lima Metropolitan consumer prices rose 0.23% in June 2026, pushing the twelve-month inflation rate to 4.01% through June compared to July 2025, according to INEI data released July 1. The cumulative variation for the first half of 2026 reached 3.79%. Of the 586 products tracked in the consumer basket, 308 increased in price while 127 declined and 151 remained unchanged. Core inflation excluding food and energy registered just 0.08% for the month.

The food and non-alcoholic beverages division recorded the largest sectoral increase at 0.67%, propelled by a 16.8% surge in fish and seafood prices. Bonito fish jumped 48.7%, jack mackerel rose 18.1%, hake increased 8.8%, and mullet gained 6.5%. Fruit prices climbed 5.1%, led by mango at 27.2%, Israeli apple at 22.8%, papaya at 14.0%, and cucumber at 13.5%. Chicken eggs rose 4.5% within the dairy and eggs category, which increased 1.3% overall. Among condiments, ground rocoto pepper advanced 5.8% and ground panca pepper 5.2%.

Furniture and household goods prices increased 0.48%, while restaurants and hotels rose 0.42%. Restaurant breakfasts climbed 0.9%, chaufa rice 0.6%, and rotisserie chicken 0.4%. Personal care services advanced 0.5%, with manicure and pedicure services up 0.7% and men’s haircuts 0.6%.

Transport prices declined 0.46%, driven by a 6.0% drop in vehicle fuels. Gasohol and diesel both fell 6.5%, while vehicular liquefied petroleum gas decreased 2.0%. Domestic airfares dropped 5.7%, contributing to a 0.8% decline in air passenger transport.

At the national level, consumer prices increased 0.13% in June with a 3.40% year-to-date accumulation and 3.57% annual rate. Ten cities recorded price increases during the month. The wholesale price index showed upward movement, though specific June figures were not disclosed in the statistical release.