Peru | Tracking consumption with real-time data in August 2025

Summary

The Big Data Private Consumption Index recorded a YoY increase of 7,2% in August, reflecting a significant acceleration compared to the more moderate growth observed in the previous two months (2.3% y/y in July and 3.0% y/y in June).

Key points

• Key points:
• The acceleration in YoY growth occurred despite a high comparison base, driven by the boost to household consumption generated in 2024 by the extraordinary withdrawal of pension funds, which began in mid-June and continued through October.
• Private consumption was supported by a favorable macroeconomic environment, characterized by a solid labor market and low, relatively stable inflation, which has helped sustain household purchasing power. Additionally, the continued strength of consumer credit has further contributed to household spending.
• By category, YoY growth in August improved for Health, Education, Household Goods and Services, and Fashion and Beauty. In contrast, growth moderated in Food, Tourism, Entertainment, and Transportation.

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