FX.co ★ Chile’s Core Inflation Cools Sharply in February, Easing to 0.1% MoM

Chile’s core Consumer Price Index (CPI) slowed markedly in February 2026, with month‑over‑month growth easing to 0.1%, down from 0.7% in January 2026. The latest data, updated on 06 March 2026, point to a significant cooling in underlying price pressures in Latin America’s fifth‑largest economy.

On a month‑over‑month basis, the “actual” February reading compares the change in prices from January to February, while the “previous” figure reflects the change from December 2025 to January 2026. The sharp deceleration from 0.7% to 0.1% suggests that core inflation momentum weakened considerably at the start of the year, a development that could influence expectations around Chile’s monetary policy path and broader economic outlook.

Investors and policymakers will be closely watching whether this moderation in core prices proves temporary or signals a more sustained easing of inflationary pressures in the months ahead.