The ferromagnetic (FM) nature of the metallic LaCo$_2$P$_2$ was investigated with the positive muon spin rotation, relaxation and resonance ($mu^+$SR) technique. Transverse and zero field $mu^+$SR measurements revealed that the compound enters a long range FM ground state at $T_{rm C}=130.91(65)$~K, consistent with previous studies. Based on the reported FM structure, the internal magnetic field was computed at the muon sites, which were predicted with first principles calculations. The computed result agree well with the experimental data. Moreover, although LaCo$_2$P$_2$ is a paramagnet at higher temperatures $T>160$~K, it enters a short range ordered (SRO) magnetic phase for $T_{rm C}<Tleq160$~K. Measurements below the vicinity of $T_{rm C}$ revealed that the SRO phase co-exists with the long range FM order at temperatures $124leq Tleq T_{rm C}$. Such co-existence is an intrinsic property and stems from competition between the 2D and 3D interactions/fluctuations.
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