This report presents initial findings from the third round of data collection by Young Lives in Peru, carried ,out from late 2009 to early 2010 with two age cohorts of children. It gives a broad outline of some of the key indicators of childhood poverty and changes that have taken place in the children’s lives between the earlier rounds of data collection in 2002 and 2006 and this third round. Data are mainly presented for the entire age cohort, in most cases separated into gender, wealth groups, rural/urban location, and maternal mother tongue (as a proxy of ethnicity). In particular, we are able to make comparisons between the older children at age 8 in 2002 (in Round 1), and the younger cohort at age 8 in 2009 (Round 3) – to highlight changes that have happened in the study communities over that time. The full richness of the data is not fully reflected in this preliminary report, but we hope that it contains enough information to prompt other researchers, policymakers and stakeholders to start to engage with the data