Peru Inflation Surprises to the Upside as Food and Water Costs Surge

2026-03-02 - 18:53

Key Points — Peru’s national inflation rose 0.60% in February, pushing the annual rate to 1.99%. In Lima, the annual figure jumped to 2.21%, well above the 1.74% expected by analysts — Egg prices spiked 13.1%, vegetables and tubers rose 3.7%, and a 7% adjustment in water tariffs hit households across the board — The