Inflation exceeds three digits
On May 31, 1983, it was announced that inflation in Peru exceeded three digits for the first time in its history, reaching 101.4% in the annual period May 1982-May 1983. This event marked a milestone in the serious economic crisis that the country was going through during the government of Fernando Belaunde Terry.
On May 31, 1983, it was announced that inflation surpassed the three-digit mark for the first time in Peru's history, reaching 101.4% in the annual accumulated figure from May 1982 to May 1983. This economic milestone occurred in the context of a serious economic crisis that worsened during that year. The announcement was made in the midst of a national emergency situation, since on the same day, May 30, the government had decreed a state of emergency throughout the country for sixty days due to political violence and acts of sabotage.