Chile's Annual Inflation Rate Rises to 4.5% in October, Highest Since April 2025
Chile's annual inflation rate increased to 4.5% in October 2026, up from 4.1% in September, marking its highest level since April 2025. This acceleration was primarily driven by significant price increases in several key sectors. Transport costs saw a substantial rise, climbing to 10.0% from 7.9%, largely due to a 4.5% increase in gasoline prices. Food and non-alcoholic beverages also contributed to the surge, with inflation reaching 4.9% compared to 4.3% in the previous month. Housing and utilities experienced an increase from 3.6% to 3.8%, and restaurants and lodging saw inflation rise from 5.6% to 5.8%. Conversely, deflation in clothing and footwear deepened to 4.1% from 3.1%. On a monthly basis, consumer prices rose by 0.5% in October, following a 0.4% increase in September, with transport and food being the main drivers. Core consumer prices, which exclude volatile food and energy components, remained unchanged over the month.
