Overview
- INEI data for August show monthly consumer prices rose 0.07% while annual inflation climbed to 4.44%, the highest in nearly three years.
- Osinergmin-approved tariff changes raised residential electricity by 3.99% and retail fuel jumped sharply, with gasohol up 8.36% and diesel up 11.53%, directly increasing transport and household expenses.
- Midagri wholesale monitoring from early August to Sept. 4 recorded extreme month-on-month spikes in key vegetables, with tomato up 123% and peas up 93%, and wide swings across potato varieties.
- Producers and Conveagro cite higher temperatures linked to El Niño, reduced planted area, pest pressure and rising fertilizer costs as causes that cut yields and risk passing more costs to consumers.
- Global pressures reinforce local risks: the FAO food-price index rose 1.9% in August and the organization trimmed its 2026 cereals forecast to 2,980 million tonnes, adding upside risk to Peru's food inflation and food-security strains.