2026.07.0812:00:00UTC+00Chile’s Core Inflation Turns Negative in June, Marking Sharp Reversal from May

Chile’s core consumer price index (CPI) posted a surprise decline in June 2026, with the month‑over‑month indicator slipping to -0.1%, according to data updated on 8 July 2026. The move marks a notable reversal from May 2026, when core CPI had risen 0.4% on a monthly basis.

Core CPI, which excludes volatile items and is closely watched as a gauge of underlying inflation pressures, had shown positive momentum in May. The subsequent drop into negative territory in June suggests a cooling of price growth in the Chilean economy over the short term, at least on a month‑over‑month basis.

The fresh figures, comparing June’s outcome with May’s performance, will feed into market and policymaker assessments of Chile’s inflation trajectory, as they weigh whether the negative print signals a temporary correction or the start of a softer core inflation trend in the months ahead.