Peru Inflation Rate at 15-Month High

2026-03-02 09:02 By Mariene Camarillo 1 min. read

The annual inflation rate in Peru’s capital, Lima, accelerated to 2.21% in February 2026 from 1.70% in the previous month.

This marked the highest reading since November 2024 but remained within the central bank’s target range of 1% to 3%.

Prices grew in food and non-alcoholic beverages (3.99% vs 2.13% in January), alcoholic beverages and tobacco (0.97% vs 0.94%), health (0.74% vs 0.67%), and transportation (1.95% vs 1.81%).

At the same time, deflation slowed for housing utilities (-1.25% vs -2.52%).

In contrast, costs decreased in clothing and footwear (1.34% vs 1.43%), recreation and culture (1.94% vs 1.98%), education (3.84% vs 4.02%), and restaurants and hotels (2.56% vs 2.66%).

On a monthly basis, the CPI in Lima increased by 0.69% in February from 0.10% in the preceding month.



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Peru Inflation Rate at 15-Month High
The annual inflation rate in Peru’s capital, Lima, accelerated to 2.21% in February 2026 from 1.70% in the previous month. This marked the highest reading since November 2024 but remained within the central bank’s target range of 1% to 3%. Prices grew in food and non-alcoholic beverages (3.99% vs 2.13% in January), alcoholic beverages and tobacco (0.97% vs 0.94%), health (0.74% vs 0.67%), and transportation (1.95% vs 1.81%). At the same time, deflation slowed for housing utilities (-1.25% vs -2.52%). In contrast, costs decreased in clothing and footwear (1.34% vs 1.43%), recreation and culture (1.94% vs 1.98%), education (3.84% vs 4.02%), and restaurants and hotels (2.56% vs 2.66%). On a monthly basis, the CPI in Lima increased by 0.69% in February from 0.10% in the preceding month.
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