FX.co ★ Chile’s Producer Prices Surge in January

Chile’s producer prices rose 14.2% year-on-year in January 2026, the fastest pace since July 2024 and up from 12.8% in December. The increase was driven primarily by mining, which posted a 27.8% annual gain (vs. 22.8% previously), while utilities advanced a more modest 6% (down from 11.5%). By contrast, manufacturing prices fell further, with deflation deepening to -2.6% from -0.8% the month before. On a monthly basis, the PPI increased 3.5% in January, largely propelled by mining (up 6.8%). Meanwhile, prices in electricity, gas, and water distribution, as well as in manufacturing, each declined 0.8% compared with the previous month. Copper, up 7.0%, was the single largest contributor to the monthly rise.