Producer prices in Chile increased 1.1 percent year-on-year in May of 2019, easing sharply from a 3.7 percent rise in the previous month. It was the lowest producer inflation since January, as prices advanced less for manufacturing (2.7% vs 2.9% in April) and declined for mining & quarrying (-1.4% vs 5.9%), namely copper (-2.3%). In contrast, cost rebounded for electricity, gas and water supply (6.5% vs -2.2%), mainly pushed up by electricity (7.1%). On a monthly basis, producer prices were unchanged, after deceasing 0.1 percent in the prior month. Producer Prices Change in Chile averaged 4.27 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 3.30 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.