Measurement of price indices used by the central bank of Peru

The Central Reserve Bank of Peru has conducted monetary policy under a fully fledged inflation targeting (IT) regime since 2002. Over this period the monetary policy process of the central bank has evolved to suit better the challenges posed by the IT framework. During these years, the intensive gathering and analysis of price information relevant for policymaking has become a key feature of the IT approach in Peru. It has also been an activity with fruitful development within the central bank.