The Chilean Producer Price Index (PPI) recorded a 0.6% decrease in January 2018 on a monthly basis, slowing down after reaching a 0.4% increase in December 2017 and posting the sharpest fall since September last year, said the country’s statistics office. In twelve months, the index rose 6.7%, also decelerating from the 8.4% annual increase recorded in December.
Prices to the mining industry receded 0.9%, while prices to manufacturers fell 0.3%. Producer Inflation to drinking water and electricity distribution services decreased 0.5%. Meanwhile, products that had significant rises were copper (0.1%), iron (1.9%), unroasted molybdenum concentrates (9.5%), and pork, fresh or refrigerated (3.4%).