Peru | Tracking consumption with real-time data in February 2025

Summary

The Big Data Private Consumption Index registered a yoy growth of 5.2% in February, decelerating from the 9.6% expansion recorded in January. This moderation was partly driven by an unfavorable base effect, as February of this year had one fewer day compared to the same month in 2024, a leap year.

Key points

• Key points:
• Household spending increased in a context where the labor market exhibited a positive performance in the last quarter of 2024 and early 2025, driven by higher formal job creation in the private sector, a decline in underemployment, and wage improvements in Lima.
• By spending components, a slowdown was observed in the yoy growth of expenditures on Food, Education, and Health. Meanwhile, spending on Tourism and Entertainment accelerated its pace of expansion.
• As a result, the Private Consumption Indicator recorded a 7.4% growth in the first two months of the year, below the levels observed in the previous two quarters.

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