The monthly Energy Inflation Report for Latin America and the Caribbean of January 2026, the region’s EMI registered a decrease, falling from 0% in December 2025 to -0.11%.
This performance is explained by the fact that, out of the 20 countries analyzed, 11 showed a reduction in energy prices.
The remaining nine countries mostly recorded increases of less than 1%. These dynamics are mainly explained by increased electricity tariff subsidies and higher renewable energy generation in previous months. This led to cost savings and a reduction in electricity tariffs during the period analyzed. Hydropower and solar energy stand out, as they help lower the marginal operating costs of the generation fleet.
