Chile’s consumer prices returned to positive territory at the start of 2026, with the Consumer Price Index (CPI) rising 0.4% month-on-month in January. The latest reading, updated on 6 February 2026, follows a 0.2% month-on-month decline recorded in December 2025.
The shift from -0.2% to +0.4% on a month-over-month basis signals a clear rebound in short-term price momentum. Under the comparison methodology used, January’s “actual” figure reflects the change versus December, while the “previous” figure captures December’s change relative to November 2025.
The return to positive monthly inflation will likely draw close attention from markets and policymakers, as they assess whether January’s uptick marks the start of a sustained inflationary trend or a temporary normalization after December’s decline.
