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44m ago

Lima Inflation Eases to 1.51% in 2025, Lowest in Eight Years, INEI Says

Lower electricity and household fuel tariffs anchored prices despite rising education and restaurant costs.

En Lima aumentaron los precios en 10 de 12 categorías de consumo durante el 2025. (Imagen: Andina)
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Los precios de los alimentos y bebidas no alcohólicas determinaron el índice de inflación en e 2025. (Fuente: Andina)

Overview

  • INEI reported Lima Metropolitana’s consumer prices rose 1.51% in 2025, within the BCRP’s 1%–3% target and below most market expectations.
  • In December, CPI increased 0.24% in Lima and 0.21% nationally, with a 6.22% jump in dressed chicken and stronger transport demand shaping the monthly uptick.
  • The largest annual gains were in Education (4.03%) and Restaurants and hotels (2.70%), with restaurant menus, private university and primary tuitions, papaya, and bus/microbus fares among the top upward drivers.
  • Energy-related costs fell sharply, including residential electricity (-8.2%), natural gas (-10.4%) and domestic propane (-6.3%), easing overall inflation pressure.
  • Economists, including Juan Carlos Odar, expect inflation to edge closer to 2% in 2026 as prior declines in food, fuels and the exchange rate lose momentum.