Chile Inflation Rate Steady at 4.1%

Chile's annual inflation rate was steady at 4.1% in September 2026, unchanged from August. Inflation accelerated for transport (7.9% vs 6.8%), housing and utilities (3.6% vs 3.4%) and health (5.1% vs 4.9%), while deflation in clothing and footwear eased to 3.1% from 4.0%. In contrast, inflation eased for food and non-alcoholic beverages (4.3% vs 4.6%), recreation, sport and culture (5.2% vs 6.4%) and restaurants and lodging (5.6% vs 6.6%), while education stood at 5.8%. The decline in prices for insurance and financial services deepened sharply to 9.7% from 3.6%. On a monthly basis, consumer prices rose 0.4%, following a 0.6% increase in August. Year-to-date inflation reached 4.0%.

Chile’s annual inflation rate accelerated to 4.1% in August 2026 from 3.5% in the previous month. The acceleration was mainly driven by higher price growth for food, which increased to 4.6% from 4.0%, and transport, which accelerated sharply to 6.8% from 4.6%. Inflation for recreation, sport, and culture also picked up, rising to 6.4% from 4.4%. Meanwhile, inflation stood at 3.4% for housing and utilities, at 6.6% for restaurants and lodging and 5.9% for education, while deflation in clothing and footwear eased to 4.0% from 4.8%. In contrast, the decline in prices for insurance and financial services accelerated to 3.6% from 3.4%. On a monthly basis, consumer prices rose 0.6%, following a 0.1% increase in July. Core consumer prices, which excludes food and energy, rose 0.4% over the month, unchanged from July.

Chile's annual inflation rate eased to 3.5% in July 2026 from 4.3% in June, marking the lowest annual CPI increase since March. The main upward pressures came from restaurants and lodging (6.6%), education (5.9%), healthcare (5.1%), transport (4.6%), recreation, sports, and culture (4.4%), and food and non-alcoholic beverages (4.0%). In contrast, prices fell for clothing and footwear (-4.8%) and insurance and financial services (-3.4%). On a monthly basis, consumer prices rose 0.1% after remaining unchanged in June, bringing year-to-date inflation to 2.9%. Core consumer prices increased 0.4% month-on-month after declining 0.1% in June.