FX.co ★ Chile Producer Inflation Eases in February

Chile’s producer price index (PPI) rose 12.9% year-on-year in February 2026, slowing from a 14.2% increase in January. Mining led the gains, with prices surging 25.1% compared with a year earlier, largely due to a 25.3% jump in copper prices. Utilities prices were also higher, up 3.6%. In contrast, the manufacturing sector recorded deflation, with prices falling 1.5% year-on-year.

On a monthly basis, the PPI declined 2.0% in February, extending the year-to-date drop to 1.4%. The mining sector was the main contributor to the monthly fall, with prices down 2.9%, followed by utilities, which declined 1.8%. Copper again played a central role, with prices decreasing 3.4% over the month.