LatinNews Daily - 09 October 2026

*Chile’s national statistics institute (INE) has released the inflation figures for September, showing a monthly inflation rate of 0.4% and an annual rate of 4.1%. This is down from a monthly inflation rate of 0.6% in August, while the annual rate is unchanged from the previous month. Of the 13 categories of products and services measured by the INE, eight measured a monthly rise in prices and four registered monthly deflation in September, while one category, education, posted no price variation. The categories with the greatest monthly inflation rates were transport (+0.9%), driven by rising fuel costs for personal vehicles (+3.7%); food and non-alcoholic drinks (+0.6%); and information and communication (+0.6%). The greatest monthly price decrease was registered in insurance and financial services (-5.9%). Daniel Mas, Chile’s economy and mining minister, said September’s monthly rate “confirms that inflationary pressures remain and that we cannot let up”. He stated that national holidays and external factors had driven up fuel prices, having a direct impact on consumers. Mas added that the priority of the government led by President José Antonio Kast was to “provide stability, and the only way to mitigate these inflationary pressures in the long term is to restore growth, unblock stalled projects, and strongly revive investment in the country”.

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