Producer prices in Chile rose 1.4 percent year-on-year in February 2019, following a 0.2 percent fall in the previous month. Cost of mining & quarrying rebounded (1.0 percent compared to -2.9 percent in January), mainly due to iron (30 percent) and gold (8.8 percent). Additionally, prices of electricity, gas and water supply dropped less (-2.5 percent compared to -2.8 percent). On the other hand, prices eased for manufacturing (3.0 percent compared to 4.1 percent. On a monthly basis, producer prices went up 0.7 percent, after declining 1.8 percent in the prior month. Producer Prices Change in Chile averaged 4.31 percent from 2010 until 2019, reaching an all time high of 38.90 percent in January of 2010 and a record low of -13.21 percent in July of 2012.
Producer Prices Change in Chile is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Chile to stand at 3.50 in 12 months time. In the long-term, the Chile Producer Prices Change is projected to trend around 4.00 percent in 2020, according to our econometric models.