The Central Bank of Peru published an update showing that 12-month inflation expectations among economic analysts and the financial system declined to 2.13% in December 2025, remaining within the Bank’s inflation target range. Expectations for 2026 and 2027 also stayed within the target range across all surveyed agents. For 2026, inflation expectations were reported in a 2.10% to 2.20% range following downward revisions, with analysts cutting their forecast from 2.20% to 2.10% between November and December 2025 and the financial system lowering its forecast from 2.20% to 2.15%, while non-financial firms expected 2.20%. For 2027, expectations were in a 2.20% to 2.30% range, broadly in line with previous months.
Central Bank of Peru 2025-11-01
Central Bank of Peru reports 12-month inflation expectations falling to 2.13% in December 2025
The Central Bank of Peru reported that 12-month inflation expectations for December 2025 declined to 2.13%, staying within the target range, with 2026 and 2027 expectations also remaining within target. For 2026, forecasts were revised down to a range of 2.10% to 2.20%, and for 2027, expectations were between 2.20% and 2.30%.