2-Cys peroxiredoxins (Prxs) rapidly reduce H 2O 2, thereby acting as antioxidants and also as sensors and transmitters of H 2O 2 signals in cells. Interestingly, eukaryotic 2-Cys Prxs lose their peroxidase activity at high H 2O 2 levels. Under these conditions, H 2O 2 oxidizes the sulfenic acid derivative of the Prx peroxidatic Cys (C PSOH) to the sulfinate (C PSO 2 −) and sulfonated (C PSO 3 −) forms, redirecting the C PSOH intermediate from the catalytic cycle to the hyperoxidation/inactivation pathway. The susceptibility of 2-Cys Prxs to hyperoxidation varies greatly and depends on structural features that affect the lifetime of the C PSOH intermediate. Among the human Prxs, Prx1 has an intermediate susceptibility to H 2O 2 and was selected here to investigate the effect of a physiological concentration of HCO 3 −/CO 2 (25 m m) on its hyperoxidation. Immunoblotting and kinetic and MS/MS experiments revealed that HCO 3 −/CO 2 increases Prx1 hyperoxidation and inactivation both in the presence of excess H 2O 2 and during enzymatic (NADPH/thioredoxin reductase/thioredoxin) and chemical (DTT) turnover. We hypothesized that the stimulating effect of HCO 3 −/CO 2 was due to HCO 4 −, a peroxide present in equilibrated solutions of H 2O 2 and HCO 3 −/CO 2. Indeed, additional experiments and calculations uncovered that HCO 4 − oxidizes C PSOH to C PSO 2 − with a second-order rate constant 2 orders of magnitude higher than that of H 2O 2 ((1.5 ± 0.1) × 10 5 and (2.9 ± 0.2) × 10 3 m −1·s −1, respectively) and that HCO 4 − is 250 times more efficient than H 2O 2 at inactivating 1% Prx1 per turnover. The fact that the biologically ubiquitous HCO 3 −/CO 2 pair stimulates Prx1 hyperoxidation and inactivation bears relevance to Prx1 functions beyond its antioxidant activity.