Chile Producer Inflation Hits Highest Since 2022

Chile’s producer inflation rose to 23.6% year-on-year in August 2026 from 20.5% in July, reaching its highest level since April 2022. Price growth accelerated across all sectors and was most pronounced in mining, where it increased to 40.2% from 34.7%, driven by higher copper prices (41.3% vs 35.3%), as well as rising diesel fuel and steel cable prices. Manufacturing inflation also accelerated to 6.9% from 6.5%, while cost growth in utilities edged up to 1% from 0.5%. On a monthly basis, producer prices rose 2.8%, accelerating from a 1.9% increase in July.

Chile’s producer inflation rose to 20.5% year-on-year in July 2026, from 19.7% in June, matching the rate recorded in May, which was the highest since August 2022. Mining prices recorded the strongest gains, surging 34.7% after rising 32.5% in June, driven by faster growth in copper prices (35.3% vs 32.9%). Manufacturing prices also accelerated, rising 6.5% from 5.5%. Meanwhile, utility prices increased just 0.5%, slowing sharply from a 5.2% increase in the previous month. On a monthly basis, producer prices rose 1.9%, accelerating from a 0.6% increase in June.

Chile's producer prices rose 19.7% year-on-year in June 2026, easing from a 20.5% increase in May. Mining prices recorded the strongest gain, rising 32.5% after a 35% increase in the previous month, driven by a 32.9% jump in copper prices. Manufactured goods prices increased 5.5%, accelerating from 4.8% in May, while utility prices rose 5.2% after a 5% gain. On a monthly basis, producer prices advanced 0.6%, slowing from a 2.8% increase in May, bringing the year-to-date rise to 8.8%.