Chile’s Producer Inflation Renews 4-Month High

Chile’s producer inflation accelerated to 24.8% year-on-year in September 2026, up from 23.6% in August, reaching its highest level since April 2022. Price growth picked up across all sectors, led by mining, where inflation rose to 41.8% from 40.2%, driven by higher copper prices. Copper prices surged 43.5%, accelerating from a 41.3% increase in August. Manufacturing inflation also accelerated to 7.4% from 6.9%, while utility price growth edged up to 1.2% from 1.0%. On a monthly basis, producer prices rose 2.7%, following a 2.8% increase in August.

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.