Chile’s annual inflation rate climbed to 4.5% in October 2026, its highest level since April 2025, up from 4.1% in September. The acceleration was driven by higher inflation in transport (10.0% vs. 7.9%), food and non-alcoholic beverages (4.9% vs. 4.3%), housing and utilities (3.8% vs. 3.6%), and restaurants and lodging (5.8% vs. 5.6%). Meanwhile, deflation in clothing and footwear intensified, with prices falling 4.1% compared with a 3.1% decline previously.
In contrast, inflation slowed in recreation, sport, and culture (4.6% vs. 5.2%), while health (5.1%) and education (5.8%) inflation remained unchanged. Prices for insurance and financial services continued to fall at the same annual rate of 9.7%.
On a monthly basis, consumer prices rose 0.5% in October, after a 0.4% increase in September. The advance was led by transport (2.0%), driven mainly by higher gasoline prices (4.5%), and by food (1.0%). Core consumer prices, which exclude food and energy, were flat over the month. Year-to-date, inflation stood at 4.5%.
