MEF: Joint fiscal and monetary efforts kept Peru's inflation lowest in region

Photo: ANDINA/Jhonel Rodríguez Robles

13:00 | Lima, Jun. 23.

The Ministry of Economy and Finance (MEF) highlighted that the joint efforts of fiscal and monetary policy have been key to Peru continuing to record the lowest inflation rates in the region.

Minister Raul Perez Reyes stated that this situation was observed in May 2025, when the Peruvian economy posted the best inflation performance in South America, even below countries such as Mexico.

"Both policies are working to lower inflation and recover economic activity. The BCR is doing a very important job. We will hand over to the next government an economy with low inflation and growing," he said.

According to the National Institute of Statistics and Informatics (INEI), monthly inflation in May 2025 was -0.6%, while cumulative inflation in the January-May period reached 1.2%.

Peru's inflation rate was below those recorded in neighboring countries, such as Chile, which posted a monthly price increase of 0.2%; while Colombia registered 0.3% and Ecuador 1%.

Additionally, price trends in Peru were also more stable than those in Mexico and Brazil, both of which recorded 0.3% inflation.

(END) NDP/JMP/MVB

Published: 6/23/2025

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MEF: Joint fiscal and monetary efforts kept Peru's inflation lowest in region

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