Peru | Tracking consumption with real-time data in April 2026

Summary

The Private Consumption Big Data Index expanded by 13.1% year-on-year in April. Household spending remains supported by consumer credit and formal employment , despite the depletion of liquidity from pension withdrawals and the impact of higher inflation.

Key points

• Key points:
• Private consumption recorded a year-on-year growth of 13.1% in April, starting the second quarter with a moderation compared to the 17.4% reached in the previous quarter.
• The strength of household spending continues to be supported by double-digit growth in consumer credit, rising incomes, and the generation of formal employment.
• The extraordinary availability of liquidity from pension fund withdrawals, initiated in November 2025, sells out during the month.
• Purchasing power was negatively affected by an increase in year-on-year inflation to 4.0% in April and the decline in consumer confidence into pessimistic territory.
• The digitalization of consumption advanced, driven by a higher share of card payments, reducing the relative use of cash and increasing the importance of the online channel.

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