Chile Inflation Slows in June

Chile's annual inflation rate was little changed at 3.9% in May 2026, compared with 4.0% in April. The strongest price pressures continued to come from transport (10.1%), followed by restaurants and lodging (6.5%), education (5.9%), healthcare (5.6%), and housing and utilities (4.2%). In contrast, prices declined for clothing and footwear (-4.9%) and insurance and financial services (-4.4%). On a monthly basis, consumer prices rose 0.2%, easing sharply from the 1.3% increase recorded in April. In the first five months of the year, inflation accumulated to 2.8%, indicating that price growth remained moderate despite persistent pressures in transportation and services.

Chile's annual inflation rate accelerated to 2.8% in March 2026 from 2.4% in February. The strongest price pressures were recorded in restaurants and lodging at 6.2%, education at 6.1%, healthcare at 5.0%, and food and non-alcoholic beverages at 3.5%. Prices also rose for alcoholic beverages and tobacco at 3.1%, utilities at 2.9%, recreation and sports at 1.8%, household equipment and maintenance at 1.5%, transport at 1.3%, and information and communication at 1.3%. Deflation was seen in clothing and footwear at 3.8% and financial services and insurance at 6.0%. On a monthly basis, prices rose 1.0% following a 0.4% increase in February.

Chile's annual inflation rate eased to 2.4% in February 2026, the lowest since August 2020, down from 2.8% in January. Price pressures were strongest in restaurants and lodging (6.0%), education (5.5%), and healthcare (5.2%). The cost of food rose 4.2%, while housing and utilities rose 3.1%. Multiple sectors recorded price drops, transport fell 2.0%, while deflation was also recorded in clothing and footwear (-4.5%), insurance and financial services (-4.8%), and information and communication (-0.4%). On a monthly basis, prices remained unchanged, following a 0.4% rise in January.