Chile Producer Inflation Accelerates in April

Chile’s producer prices increased 17.7% year-on-year in April 2026, accelerating from a 14.8% rise in March, driven by higher mining costs. The mining sector posted the sharpest increase, with prices surging 30.8% as copper producer prices jumped 30.9%. Meanwhile, utility prices rose 3.7% and manufacturing prices increased 3.8%. On a monthly basis, the producer price index advanced 1.6%, bringing the year-to-date increase to 5.2%.

Chile’s producer prices increased 14.8% year-on-year in March 2026, accelerating from a 12.9% rise in February. The mining sector recorded the sharpest gain, with prices up 25.8%, largely driven by a 25.3% surge in copper prices. Meanwhile, utility prices rose 3.9%, while manufacturing prices increased 2.4%. On a monthly basis, the producer price index advanced 2.1%, bringing the year-to-date increase to 3.5%.

Chile's producer prices rose 12.9% year-over-year in February 2026, easing from 14.2% in January. Mining prices increased at the fastest pace, up 25.1% from a year earlier, driven by copper prices rising 25.3%. Utilities prices also rose 3.6%. In contrast, manufacturing recorded deflation, with prices down 1.5%. On a monthly basis, the PPI fell 2.0%, bringing the year-to-date decline to 1.4%. Mining drove the drop with a 2.9% decrease, followed by utilities at 1.8%. Copper was the main driver, falling 3.4%.