Chile’s annual inflation rate eased to 2.8% in January 2026 from 3.5% in December. Price pressures were strongest in restaurants and lodging (6.3%), followed by education (5.4%) and healthcare (4.9%). Food prices rose 4.1%, while housing and utilities increased 4.0%. In contrast, transport costs fell 1.1%, with deflation also recorded in clothing and footwear (-4.6%) and insurance and financial services (-1.9%). On a monthly basis, consumer prices rose 0.4% in January, reversing a 0.2% decline in December.
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Chile Annual Inflation Slows in January
Chile’s annual inflation rate eased to 2.8% in January 2026 from 3.5% in December. Price pressures were strongest in restaurants and lodging (6.3%), followed by education (5.4%) and healthcare (4.9%). Food prices rose 4.1%, while housing and utilities increased 4.0%. In contrast, transport costs fell 1.1%, with deflation also recorded in clothing and footwear (-4.6%) and insurance and financial services (-1.9%). On a monthly basis, consumer prices rose 0.4% in January, reversing a 0.2% decline in December.