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.