I have also got peeling skin. mine though is on arms, legs, torso, some on face..... Almost like after getting a sunburn, but happens pretty much every day.
I have been told it can be a side effect of prednisone, of which I take 100 mg / day. It can thin the skin, and make it more susceptible to peeling. I don't get the itchiness with it though, so not too bad I guess. Hopefully it will stop when I can be weened of this med.
I hope you have had it checked if it itches. I was told that if that happens, it could be from something else, such as an infection.
Hope this helps.
God Bless, and take care...
Wayne