[REVISION HISTORY]

Chile inflation slowdown and banking sector

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-08-08 04:54 UTC → 2026-08-08 05:01 UTC · added ~~removed~~

In July 2026 Chile’s consumer price index rose ~~only~~ 0.1%, pulling the 12‑month inflation rate down to 3.5% from 4.3% in June. The decline was driven mainly by sharp falls in petrol (‑8.5%), diesel (‑13.5%) and air‑fares (‑9.4%). Food and housing costs each rose 0.7% in the month, electricity increased 2.4% after a tariff reset and rent rose 0.6%. The ~~central bank~~ Central Bank of Chile kept the policy rate at ~~4.5%~~ 4.5%, noted that inflation had re‑entered its 2‑4% tolerance band for the first time since May, and said it expects inflation ~~should~~ to near ~~its~~ the 3% target by the second quarter of 2027, while ~~noting~~ warning of external oil‑market and Middle‑East risks. The National Statistics Institute confirmed the figures were in line with expectations, but highlighted that headline inflation remains above the official 3% goal, suggesting the easing may be fragile. Later that day Banco de Chile reported a 20.9% year‑over‑year increase in operating revenue for the second quarter, attributing the boost to higher inflation‑linked income, stronger fee growth and a stable net interest margin of 5.8%. Net financial income rose 25.3%, loans grew 2.3%, and the bank added 2.9 million active customers.

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