Is Trujillo still the most expensive city in Peru?

In April 2023, the city of Trujillo, in La Libertad, made news by appearing as the most expensive in the country, according to the National Institute of Statistics and Informatics (INEI). On that occasion, she showed herself to the spring city with a monthly variation of 1.31%, well above the national variation (0.55%). Therefore, Trujillo, indeed, led the price increase in Peruor.

By May 2023, did Trujillo remain as such? The technical report no. º 6 of the INEI, called ‘Variation of the price indicators of the economy’published this June, reported a change.

Following the monthly variation of the consumer price index, Trujillo was fourth with 0.57%. Chimbote (0.77%), Chiclayo (0.68%) and moyobamba (0.67%) They were the cities that registered the highest growth. Even so, it is still well above the national average: 0.31%.

annual inflation

However, in the annual variation, which covers from June 2022 to May 2023, Trujillo leads the statistics. With 10.81% it surpasses Ica (9.59%), cajamarca (9.25%), tacna (8.75%), Arequipa (8.66%), Chiclayo (8.32%), among others.

“The price index has been maintained since 2022. In April, (Trujillo) became the most expensive. It is now the fourth on the rise, no longer the first. However, the annual accumulated continues at 10.81%. Inflation is expected to fall gradually until the end of the year”, explained the dean of the College of Economists of La Libertad, Francisco Huerta.

The items that motivate this are: food and non-alcoholic beverages and food outside the home. “These items plus a third add up to around 45% of the average basket. But the basket, in the budget of people with less income, represents 60%,” added Huerta.

He concluded by stating that the expectation is positive towards the end of the year, since there are no generating factors as there were in April. “With the social conflicts there was less supply, then the avian flu and the Yaku cyclone affected production,” said the specialist.