Producer prices in Chile soared 17.5 percent over a year earlier in February of 2021, following a 12.2 percent rise in the previous month. It was the highest producer inflation since July of 2011, mainly due to a surge in prices for mining & quarrying (33.5 percent vs 23.1 percent in January), namely copper extraction (34.7 percent vs 23.4 percent). Cost also increased for manufacturing (3 percent vs 2.9 percent), with main upward pressure coming from meat processing and preservation (9.1 percent vs 11.5 percent). Meanwhile prices of utilities fell at a slower pace (-1 percent vs -3.7 percent). On a monthly basis, producer prices went up 3.5 percent, after increasing 1.1 percent in the previous month. source: National Institute of Statistics, Chile
Producer Prices Change in Chile averaged 1.86 percent from 1991 until 2021, 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 April of 2021.
Producer Prices Change in Chile is expected to be 19.00 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 3.00 in 12 months time. In the long-term, the Chile Producer Prices Change is projected to trend around 3.00 percent in 2022 and 4.00 percent in 2023, according to our econometric models.