Overview
- Peru’s statistics agency INEI reported Lima Metropolitana inflation at 1.51% for 2025, the lowest since 2017 and within the BCRP’s 1%–3% target range.
- Lima’s monthly CPI rose 0.24% in December, with seasonal transport increases offset by declines across electricity, household gas and communications.
- Annual upward pressures came from Education (4.03%), Restaurants and hotels (2.70%) and Food and non‑alcoholic beverages (1.68%), while electricity (-8.2%), residential natural gas (-10.4%) and propane (-6.3%) fell.
- Argentina’s INDEC activated a renewed CPI on January 2 that adopts ENGHo 2017/18 weights and COICOP 2018, expands collection to about 500,000 prices from 24,000 informants, and moves to fully digital fieldwork.
- INDEC will publish December 2025 inflation on January 13 under the old method, then release the first rebased index for January on February 11 with a methodological briefing; analysts foresee limited numeric shifts, while CEPA estimates updated weights would have lifted Nov‑23 to Nov‑25 cumulative inflation to 288.2% versus 249.5%.