Producer prices in Chile increased 0.9 percent year-on-year in May 2020, slowing from a 1.8 percent rise in the previous month. It remains the lowest producer inflation rate since October last year, as cost of manufacturing products eased (0.5 percent compared to 2.9 percent in April). Additionally, prices of utilities dropped 0.2 percent, after rising 11.7 percent in the prior month. In contrast, cost of mining rebounded (1.5 percent compared to -1.4 percent), of which copper extraction (3.1 percent). On a monthly basis, producer prices went down 0.9 percent, after a 0.1 percent fall in the prior month.
Producer Prices Change in Chile averaged 1.64 percent from 1991 until 2020, 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. Chile Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: National Institute of Statistics, Chile
Producer Prices Change in Chile is expected to be 1.50 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 2.50 in 12 months time. In the long-term, the Chile Producer Prices Change is projected to trend around 3.00 percent in 2021 and 4.00 percent in 2022, according to our econometric models.