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

Summary

The Big Data Private Consumption Index accelerated again and grew by 19.3 % YoY in December (16.7 % in November, and 7.7 % in October).

Key points

• Key points:
• The improvement was underpinned by increased household liquidity, following the extraordinary withdrawals from pension funds that began on November 21.
• Household spending has also been supported by the acceleration of consumer credit and the continued strong performance of the labor market, particularly the creation of jobs—especially formal, high-quality employment—and rising incomes. A stable price environment (low inflation) has helped preserve the purchasing power of households’ higher aggregate wage income.
• All components of the Big Data Private Consumption Indicator posted positive YoY growth and showed broad-based acceleration, with the exception of Food. Among the sectors with the most pronounced improvements were Entertainment, Education, and Tourism.

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