Peru - Producer Price Index (PPI)

The National Institute of Statistics and Informatics (INEI) for Peru reports monthly price indexes, either for the country or the national capital: construction cost index, consumer price index, producer price index (machinery and equipment) and wholesale price index.

Active:

• Measurements:
  • Fixed-base index relative to December 2021 (Index Dec2021=100)
  • Relative to December 2011
  • Relative December 2013
• Adjustment: Not seasonally adjusted (NSA)
• Native frequency: Monthly
• Start date:
• Geo coverage:
  • Country
  • National capital, Lima

Predecessors:

• CPI, 2009=100 - 1992m1* to 2022m1 ("_09")
• 2001=100
• 1994=100

CPI: Consumer Price Index (IPC) - Metropolitan Lima; Consumer Price Index (IPCN) - National

CPI measures the evolution of prices for good and services consumed by households. The index is representative of all households at different income levels. 

CPI data for Lima is obtained from the National Survey of Family Budgets (ENAPREF) The results from the survey that was carried out between May 2008 and April 2009 is used as a comparison for prices (2009=100) for CPI for Lima. CPI at the national level is based 2011=100. Approximately 36000 households are surveyed in 26 cities nationwide. The head(s) of the households are directly interviewed. The survey includes the following information:

• Characteristics of the dwelling
• Expenses for services
• Expenses for each member
• Employment and income of members over 14 years old
• Monthly, quarterly, and annual household expenses
• Daily household expenses
• Daily personal expenses of any member over the age of 14
• Income and expenses of the agricultural producer

Population is defined as the set of habitual residents in the private home (urban and rural areas). Those residing in barracks, police stations, convents, boarding schools, and hotels are excluded from the population number.

Consumer spending is defined by the total value of goods and services acquired during the reference period, regardless of whether they have been paid in full or have been consumed during that same period.

The prices that INEI uses in the calculation of CPI is the exact price that the consumer pays. Pricing information is obtained from commercial establishments and services. The prices of public services (water, electricity, telephone, etc.) are obtained by the companies directly and are verified by receipts. Tuition fees are collected from the schools (private and public). Medical service prices are collected from the private offices, clinics, and state hospitals.

WPI: Wholesale Price Index - National level (IPM)

IPM records the variation of prices of goods that are traded in the wholesale marketing channel from the agricultural, fishing, and manufacturing sectors. It includes the consumption of intermediate goods, final consumption goods, and capital goods. Figures are reported as a December 2013=100 index.

PPI: Producer Price Index - Machinary and Equipment - Lima (IPME)

IPME measures the price variation of goods that are used by companies in the production process. Data is collected from manufactures, marketers, and distributors of capital goods in Metropolitan Lima. Figures are reported as a December 2013=100 index.

CCI: Construction Cost Index - Materials - Lima (IPMC)

IPMC measures the price variation of the main materials used in construction. Data is collected from distributors and marketers of construction materials. Figures are reported as a December 2013=100 index.

Changes to methodology

For each product, the index base year is periodically advanced:

• CCI for Lima: 1994, 2013 (in 2014)
• CPI for Lima: 1994, 2001, 2009 (in 2010)
• WPI: 1994, 2013 (in 2014)

Moody's Analytics supplements

We have back-extended CPI over the interval 1949m1 to 2018m12, using the predecessor and IMF.

We produce seasonally adjusted counterparts for the CCI, CPI for Peru, CPI for Lima, PPI, and WPI.

Aliases

The global concept aliases are CPI.IPER, PPI.IPER and WPI.IPER.

The NSA general index for Lima (CPITT_09UM.IPER_LIM and CPITTUM.IPER_LIM) serves as a national proxy, so is aliased to the national geo code (IPER).

No. The data are final when first released and are not subject to change.

Further reading

At the source:

• Source publications (Spanish)

At IMF (SDDS):

• Price index: Consumer prices