FX.co ★ Chile’s Core CPI Rebounds in July, Signaling a Pickup in Underlying Inflation

Chile’s core Consumer Price Index (CPI) returned to positive territory in July 2026, rising 0.4% month-over-month after a slight decline in the previous month, according to data updated on 7 August 2026.

The latest reading marks a notable turnaround from June 2026, when core CPI fell 0.1% on a month-over-month basis. Under the comparison framework used, the July “actual” figure of 0.4% reflects the change from June to July, while the “previous” figure of -0.1% captured the change from May to June.

The shift from negative to positive core inflation suggests a firming in underlying price pressures within Chile’s economy, a development likely to draw close attention from investors and policymakers monitoring the trajectory of inflation and potential implications for monetary policy.