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. Producer Prices Change in Chile averaged 4.22 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 2.90 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 3.80 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.