01.02.202623:33:29UTC+00Peru Inflation Rate at 13-Month High of 1.7%

In January 2026, the annual inflation rate for Lima, the capital of Peru, increased to 1.70%, up from 1.51% in December. This rise marks the most significant inflation rate since December 2024. However, it still remains within the central bank’s target range of 1% to 3%. This acceleration is primarily attributed to the heightened prices of food and non-alcoholic beverages, which increased by 2.13% compared to 1.68% in December, marking the highest growth in 22 months. Transportation costs also saw a considerable rise, with prices climbing by 1.81% from the prior 1.05%. On the contrary, prices in housing and utilities declined more rapidly, decreasing by 2.52% compared to the previous 2.34%. On a month-to-month basis, Lima’s Consumer Price Index (CPI) increased by 0.10% in January, slowing from a 0.24% rise in December, which was the quickest pace observed in eight months.