24.09.201717:06:00UTC+00CHILE: August PPI Records Highest Monthly Increase Since November 2016

Chile's Producer Price Index (IPP) accelerated 2.2% in August on a monthly basis, recording the highest increase since November 2016, said the country's statistics office. In twelve months through August, the Chilean PPI rose 12.6%, accelerating from the 10% annual increase in July.

Among the sectors that compose this indicator, mining industry posted the most positive contribution to the monthly variation (+5.2%). At the opposite end, the electricity, gas and water distribution fell by 0.1%, while manufacturing decreased 0.7%.