Here the words "inner person" and "heart" refer to the inward character and personality of a person. Alternate translation: "what you really are on the inside" (See: [[rc://en/ta/man/translate/figs-metonymy]] (See: [[rc://en/ta/man/translate/figs-doublet]])
Peter speaks of God's opinion of a person as if that person were standing directly in front of him. Alternate translation: "which God considers to be precious" (See: [[rc://en/ta/man/translate/figs-metaphor]])