Inflation in Chile

Inflation in Chile has been a significant issue for the economy since the start of the 20th century. During the 2020s Chile again surfaced as an economic problem during the second presidency of Sebastián Piñera (March 2018–March 2022) and has remained such. Current inflation has been attributed to a series of private pension fund withdrawals allowed by the Congress of Chile in response to the economic hardships of the COVID-19 pandemic in Chile. Besides this, food prices are held by the Food and Agriculture Organization to have increased as consequence of the 2022 Russian invasion of Ukraine.

Central Bank autonomy, inflation targeting and counter-cyclical fiscal rules are important elements in the Chilean state policy to keep inflation low.