Peru retail sees 5% 2026 growth but El Niño disrupts supply chains

Peruvian retailers project up to 5% growth for 2026, driven by consumer demand and Christmas sales, but the anticipated El Niño event is forcing adjustments to purchasing, inventories, and logistics routes. The forecast is preliminary and depends on the severity of El Niño, which could raise costs and disrupt distribution. This matters because it signals potential inflation and supply-chain stress in Peru's consumer sector.