December 2025
Report No. 20: Energy Inflation in Latin America and the Caribbean (IE-LAC)

Monthly energy inflation in LAC between September and October 2025 recorded a decline, falling from 0.21% in September to 0.19% in October. This represents a 9.5% reduction compared to the previous month, mainly because, of the 20 countries analyzed, 12 showed a decrease in the indicator, as several of them implemented tariff adjustments to electricity prices and fossil fuels.

Meanwhile, total monthly inflation showed a more pronounced decline, decreasing from 0.38% in September to 0.30% in October 2025. This suggests that the slowdown was driven primarily by components other than energy, such as food, goods, and services, which carry greater weight in the index.

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