Inflation accelerates in February from the prior month

Latest reading: Consumer prices in Lima were up 2.2% in annual terms in February, following a 1.7% rise in the previous month. February's reading was the strongest since November 2024 but well within the Central Bank’s 1.0–3.0% target range. Relative to the prior month's data, there were higher price pressures for food and beverages (+4.0% in annual terms vs +2.1% in January), transport (+1.9% vs +1.8% in January) and housing and utilities (-1.2% vs -2.5% in January). In contrast, there were milder price pressures for recreation and entertainment (+1.9% vs +2.0% in January) and clothing (+1.3% vs +1.4% in January). Finally, consumer prices in Lima rose 0.69% in February in month-on-month terms, following a 0.10% rise in the prior month.

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