Peru Inflation Rate Drops in November

The annual inflation rate in Peru’s capital, Lima, accelerated to 1.70% in January 2026 from 1.51% in December. It marked the highest inflation rate since December 2024 but remained within the central bank’s target range of 1% to 3%. The acceleration in inflation was mainly driven by faster increases in the prices of food and non-alcoholic beverages (2.13% vs 1.68% in December), the highest in 22 months, while transportation prices rose more sharply (1.81% vs 1.05%). Conversely, housing and utilities prices fell at a faster pace (-2.52% vs -2.34%). On a monthly basis, the CPI in Lima edged up 0.10% in January, easing from a 0.24% increase in December, which was the fastest pace in eight months.

The annual inflation rate in Peru’s capital, Lima, accelerated to 1.51% in December 2025, up from 1.37% in the previous month. It marked the highest inflation rate since July and remained within the central bank's target range of 1% to 3%. The acceleration in inflation was mainly driven by faster increases in the prices of food and non-alcoholic beverages (1.68% vs 0.41% in November), the highest in five months, while transportation prices rose more sharply (1.05% vs 0.18%). By contrast, housing and utilities prices fell at a faster rate (-2.34% vs -0.37%). On a monthly basis, the CPI in Lima rose 0.24% in December, after a 0.11% increase in November, marking the fastest pace in eight months.

The annual inflation rate in Peru’s capital, Lima, was almost unchanged in November 2025 at 1.37%, compared to 1.35% in the previous month, remaining near the lower end of the central bank's target range of 1% to 3%. A modest rise in prices for recreation and culture (0.05%) was offset by faster increases in food and non-alcoholic beverages (0.41%) and transportation (0.18%). Meanwhile, housing and utilities prices fell (-0.37%). On a monthly basis, the CPI in Lima edged up 0.11% in November, after edging up 0.01% in the previous month.