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Airfare to Peru - when to buy tickets?

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I'm planning a trip to Peru in February or March 2014 - our travel dates are flexible. How far in advance should I buy tickets?

This past weekend I was looking at prices to fly from Minneapolis to Cuzco and tickets were around $650 per person. Today I checked again and they jumped to $1150! Is there a chance I'll see that low of a fare again or should I purchase them for $1150 in case they go higher?

Thanks to any help/advice; I'm not a frequent traveler and this is my first time buying international plane tickets.

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