Producer prices in Chile soared 6.1 percent year-on-year in December of 2019, following a 5 percent rise in the previous month. This is the highest producer inflation since June 2018, as prices climbed for mining (10 percent vs 8.7 percent in November), primarily copper (12.4 percent vs 8.4 percent), iron (42 percent vs 28.6 percent) and gold (33.8 percent vs 38.1 percent), amid continued drought conditions and water scarcity to operate. Also, prices advanced at a solid pace for utilities (14 percent vs 12 percent), namely electricity (14.4 percent) and gas (40.5 percent). Meantime, manufacturing cost decreased at a softer pace (-0.9 percent vs -1.6 percent). On a monthly basis, producer prices went up 0.8 percent, after rising 5 percent in the previous month.

Producer Prices Change in Chile averaged 1.61 percent from 1991 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. This page provides - Chile Producer Prices Change - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: National Institute of Statistics, Chile

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 4.50 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.

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Chile Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
6.10 5.00 38.90 -13.21 1991 - 2019 percent Monthly
2014=100, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-10-24 12:00 PM Sep 0.3% 2% 2.9%
2019-11-22 12:00 PM Oct -0.3% 0.3% 1%
2019-12-24 12:00 PM Nov 5% -0.3% 0.8%
2020-01-24 12:00 PM Dec 6.1% 5% 3%
2020-02-21 12:00 PM Jan 6.1% 1.4%


News Stream
2019-12-24
Chile Producer Inflation Highest in Over a Year
Producer prices in Chile jumped 5 percent year-on-year in November of 2019, rebounding from a 0.3 percent drop in the previous month. It is the highest producer inflation since July of 2018, mainly due to an 8.7 percent rise in mining cost (vs -0.8 percent in October), namely copper (8.4 percent vs -1.6 percent) and a 12 percent increase in prices of utilities (vs 14.8 percent), mainly electricity supplied to households (13.5 percent) and companies (15.9 percent). In contrast, manufacuring cost went down 1.6 percent (vs -3.9 percent). On a monthly basis, producer prices also went up 5 percent.

2019-11-22
Chile Producer Prices Fall 0.3% in October
Producer prices in Chile dropped 0.3 percent year-on-year in October 2019, following a 0.3 percent gain in the previous month. Manufacturing prices fell 3.9 percent, faster than a 3.1 percent decline in September, namely wood, paper & cardboard (-29 percent); handling & lifting equipment (-86 percent) and refined petroleum products (-17.8 percent). In addition, cost of mining & quarrying went down 0.8 percent, after increasing 1.9 percent, in particular copper (-1.6 percent), and crude oil extraction (-27.4 percent). On the other hand, prices of electricity, gas and water supply advanced further (14.8 percent from 4.8 percent). On a monthly basis, producer prices rose 0.3 percent, easing from a 0.7 percent increase in the prior month.

2019-10-24
Chile Producer Inflation at 3-Month Low of 0.3%
Producer prices in Chile increased 0.3 percent year-on-year in September 2019, easing sharply from a 2 percent rise in the previous month. It was the lowest producer inflation since June, as cost slowed for mining & quarrying (1.9 percent vs 4.3 percent in August), namely copper (0.7 percent vs 2.8 percent), iron (37.5 percent vs 73.5 percent); and electricity, gas and water supply (4.8 percent vs 5.8 percent). In addition, manufacturing prices fell faster (-3.1 percent vs -1.8 percent), of which wood, paper & cardboard (-25.5 percent); handling & lifting equipment (-86 percent) and refined petroleum products (-17.5 percent). On a monthly basis, producer prices went up 0.7 percent, following a 0.7 percent decline in the previous month.

2019-09-24
Chile Producer Inflation Rate Rises to 2% in August
Producer prices in Chile increased 2 percent year-on-year in August 2019, following a 1.3 percent gain in the previous month. Cost of mining & quarrying advanced at a faster pace (4.3 percent compared to 1 percent in July), mainly due to copper (2.8 percent) and steel (73.5 percent). Meanwhile, manufacturing prices dropped 1.8 percent, after rising 0.3 percent in the prior month and cost of electricity, gas and water supply slowed (5.8 percent compared to 5.9 percent). On a monthly basis, producer prices declined 0.7 percent, following a 0.1 percent increase in July.

2019-08-23
Chile Producer Inflation Rate Rises to 1.3% in July
Producer prices in Chile rose 1.3 percent year-on-year in July 2019, after declining 1.6 percent in the previous month. Cost of mining & quarrying rebounded (1 percent compared to -6.1 percent in June), namely steel (69.1 percent). On the other hand, prices eased for manufacturing (0.3 percent compared to 1.7 percent) and electricity, gas and water supply (5.9 percent compared to 6.6 percent). On a monthly basis, producer prices went up 0.1 percent, following a 0.9 percent decrease in the prior month.

2019-07-24
Chile Producer Prices at Over 2-Year Low in June
Producer prices in Chile dropped 1.6 percent in June of 2019, after a 1.1 percent rise in the previous month. It was the biggest fall in producer prices since October 2016, as cost of mining & quarrying declined further (-6.1 percent from -1.4 percent in May), namely copper (-8.2 percent); and manufacturing prices slowed (1.7 percent from 2.7 percent). On the other hand, cost of electricity, gas and water supply advanced at a faster pace (6.6 percent from 6.5 percent), mostly boosted by electricity (7.1 percent). On a monthly basis, producer prices went down 0.9 percent, following a flat reading in the prior month.


Chile Producer Prices Change
In Chile, the Producer Price Index measures the average change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

Chile Prices Last Previous Highest Lowest Unit
Inflation Rate 3.00 2.70 746.30 -3.40 percent [+]
Consumer Price Index CPI 103.66 103.55 103.66 0.00 points [+]
Core Consumer Prices 103.11 102.98 116.92 2.96 points [+]
Core Inflation Rate 2.50 2.50 37.70 -2.90 percent [+]
Export Prices 87.30 90.30 116.60 40.80 points [+]
Import Prices 83.41 85.54 109.78 66.62 points [+]
Food Inflation 3.70 3.80 10.20 -0.40 percent [+]
Producer Prices 120.97 120.04 145.92 85.21 points [+]
Producer Prices Change 6.10 5.00 38.90 -13.21 percent [+]
Inflation Rate Mom 0.10 0.10 87.58 -6.54 percent [+]
CPI Transportation 103.59 101.83 108.47 97.70 points [+]
GDP Deflator 126.00 125.90 128.60 98.30 points [+]