Producer prices in Chile rose 1.0 percent year-on-year in December 2018, slowing from a 1.7 percent gain in the previous month. It remained the lowest producer inflation rate since October 2016, as prices eased for manufacturing (4.3 percent compared to 5.9 percent in November) and fell further for electricity, gas and water supply (-3.6 percent compared to -2.7 percent). Meantime, cost of mining & quarrying continued to decrease (-0.5 percent, the same as in November), mainly due to copper (-4.1 percent) and crude oil (-4.7 percent). On a monthly basis, producer prices went down 0.3 percent, after declining 0.2 percent in the prior month. Producer Prices Change in Chile averaged 4.38 percent from 2010 until 2018, 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 1.90 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 4.40 in 12 months time. In the long-term, the Chile Producer Prices Change is projected to trend around 7.80 percent in 2020, according to our econometric models.