my $ip = new NetAddr::IP 'loopback';

  print "The address is ", $ip->addr, " with mask ", $ip->mask, "\n" ;

  if ($ip->within(new NetAddr::IP "127.0.0.0", "255.0.0.0")) {
      print "Is a loopback address\n";
  }

# Or - more likely you want to use this ..
$me->contains($other) ...