Inflation & Prices

Chile Hit by Biggest Consumer Price Jump Since 2022 on Fuel Surge

Motorists queue at a gas station in Santiago in March.
Photographer: Rodrigo Arangua/AFP/Getty Images

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By Matthew Malinowski

May 8, 2026 at 12:18 PM UTC

Updated on

May 8, 2026 at 1:29 PM UTC

Lea en español

Chile’s consumer prices in April posted the biggest monthly jump since 2022, reflecting the brunt of of President José Antonio Kast’s decision to let fuel costs surge after the onset of the Middle East war.