FX.co ★ Peru Inflation Rate at 15-Month High

The annual inflation rate in Peru’s capital, Lima, rose to 2.21% in February 2026, up from 1.70% in January. This was the highest level since November 2024, yet it remained within the central bank’s target range of 1% to 3%. Price increases were recorded 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 in housing and utilities eased (-1.25% vs. -2.52%). By contrast, price growth slowed 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, Lima’s consumer price index (CPI) rose 0.69% in February, compared with 0.10% in the previous month.