Rio Times Markets · Chile
Key Facts
—Who. Chile’s statistics agency INE published its producer price index (IPP) on 23 October 2026.
—What. Producer prices rose 24.8% in the 12 months to September, after 23.6% in August.
—Versus forecast. The rise was below the 26% consensus in the RT economic calendar.
—Why it matters. Copper mining drove the monthly gain, and it can feed into consumer prices.
—What to watch. Chile’s central bank decides on rates on 27 October at 5:00 p.m. ET.
—Power Index. Chile ranks 3rd of 14 in The Rio Times Latin America Power Index, with 63.6 points (October 2026 edition).
—Prediction markets. Polymarket prices a no-change Chile rate decision in October at 97.9% (as of 10:15 a.m. ET, 23 October 2026).
The prices Chilean producers receive are still rising fast, but slightly less than analysts expected, with copper doing most of the work.
Producer Prices Rise 24.8%
Chile’s producer price index rose 24.8% in the 12 months to September, according to the RT economic calendar. That compares with 23.6% in August and a forecast of 26%.
The data come from the Instituto Nacional de Estadísticas (INE), published on 23 October 2026. Producer prices measure what companies receive for what they sell, before shops add their margins.
In Plain English
Producer prices are an early warning of inflation. When a mine or factory charges more, the cost can later reach the shelf.
Live Market IntelligenceChile — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.
Rio Times · Live Market Intelligence
Chile — Live Market Board
Santiago
Oct 23, 2026 · 11:38
S&P IPSA · benchmark
10,681.27
-0.92%
L 10,984day rangeH 11,210
Market breadth · 11 names
18% advancing
2 ▲ advancing9 declining ▼
Currencies, rates & key inputs
USD / CLP
913.98
+0.04%
Copper
6.61
+0.03%
Gold
4,461
+1.78%
Sector heatmap · average move today
Utilities
+0.10%
ENELAM
Other
-0.12%
COPPER, SOUTHERN COPPER
Energy
-1.09%
COPEC
Industrials
-1.11%
LATAM AIR
Materials
-1.40%
SQM-B, CMPC
Consumer Disc.
-1.48%
FALABELLA
Financials
-1.65%
BSANTANDER, BANCO CHILE
Consumer Staples
-2.19%
CENCOSUD
Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil
204,324.80
+0.10%
S&P/BMV IPCMexico
69,889.73
-0.51%
S&P IPSAChile
10,681.27
-0.92%
S&P MERVALArgentina
3,017,221
—
MSCI COLCAPColombia
2,517.61
-0.43%
BVL S&P PerúPeru
57,021.19
-0.49%
Full instrument board
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IPSA | 10,681.27 | -0.92% | — | 10,780.31 | 11,210 | 10,984 | 1,513,213,483 |
| USD/CLP | 913.98 | +0.04% | -5.67% | 913.65 | 915.11 | 906.68 | — |
| COPPER | 6.61 | +0.03% | +46.70% | 6.61 | 6.71 | 6.61 | 39,543 |
| SQM-B | 65,305 | -0.84% | +49.03% | 65,860 | 66,949 | 64,978 | 76,539 |
| COPEC | 5,964 | -1.09% | -11.70% | 6,030 | 6,100 | 5,960 | 634,331 |
| BSANTANDER | 78.37 | -2.28% | +35.94% | 80.20 | 81.69 | 78.34 | 36,288,711 |
| FALABELLA | 6,334 | -1.48% | +23.28% | 6,429 | 6,450 | 6,300 | 26,085,814 |
| ENELAM | 87.09 | +0.10% | -10.13% | 87.00 | 87.40 | 86.50 | 13,106,417 |
| CENCOSUD | 1,946 | -2.19% | -35.30% | 1,990 | 2,010 | 1,945 | 966,528 |
| CMPC | 1,020 | -1.96% | -29.10% | 1,040 | 1,050 | 1,015 | 3,526,677 |
| BANCO CHILE | 184.96 | -1.01% | +32.87% | 186.85 | 189.99 | 184.33 | 18,101,240 |
| LATAM AIR | 24.08 | -1.11% | +16.61% | 24.35 | 24.59 | 23.88 | 573,612,753 |
| SOUTHERN COPPER | 193.97 | -0.26% | +104.01% | 194.48 | 199.36 | 192.59 | 367,102 |
Largest moves today
BSANTANDER
78.37
-2.28%
CENCOSUD
1,946
-2.19%
CMPC
1,020
-1.96%
FALABELLA
6,334
-1.48%
LATAM AIR
24.08
-1.11%
COPEC
5,964
-1.09%
BANCO CHILE
184.96
-1.01%
IPSA
10,681.27
-0.92%
The session read
The S&P IPSA eased 0.92%, with breadth negative — 2 of 11 names higher. Utilities led, while Consumer Staples lagged.
From The Rio Times
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Copper Mining Drives the Gain
Across industries, INE reported that producer prices rose 2.7% in September alone and 17.1% since the start of the year. Mining prices rose 4.0% on the month and 26.1% so far this year, with copper extraction and processing rising 4.2% on the month.
Manufacturing prices rose 1.0% on the month, led by refined petroleum products, which climbed 8.4%. Electricity, gas and water prices rose 0.7%.
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Why It Matters Now
Chile is the world’s largest copper producer, so higher copper prices lift both its export income and its producer price index. The peso ended Thursday at about 986 per US dollar, up 0.46% on the day (RT market data, 22 October).
Consumer prices rose 0.4% in September and 4.1% over 12 months, according to INE figures reported by Chilean media. The central bank, which holds its rate at 4.50%, meets on 27 October at 5:00 p.m. ET.
What Prediction Markets Say
Polymarket is a platform where users trade contracts on real events, and its market on the Central Bank of Chile’s October decision has US$14,479 traded. As of 10:15 a.m. ET on 23 October 2026, traders price no change at 97.9%, a 25-basis-point (0.25 percentage point) rise at 1.9% and a cut at 1.4%. These prices are bets, not polls, and trading is thin.
Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.
What It Means for You
For US investors in Chilean copper miners and peso assets, the print shows that metal prices still push costs up, while the miss against forecast suggests the pace is easing. A weaker rise makes a surprise rate move less likely.
For residents and visitors, producer prices reach shops with a lag, so pressure may linger for some months. At about 986 pesos per dollar, US$100 buys roughly 98,600 pesos.
Our Chile market report covers Thursday’s stock moves. Chile’s lithium deals and the Chile hub add more context.
What Is Not Known Yet
The 12-month figure comes from the RT economic calendar and INE’s summary gives monthly and year-to-date changes, so the 12-month breakdown by sector is not known here. It is also unclear how much of the copper-led rise will reach consumers.
Sources: Instituto Nacional de Estadísticas (INE) producer price release of 23 October 2026, Chilean media reports of INE consumer price data, Polymarket (market data), RT economic calendar for the 12-month figure, forecast and earlier values, RT market data (peso rate). This is news, not investment advice.
Frequently Asked Questions
What is Chile’s producer price index?
It tracks the average change in prices that Chilean producers receive for their output. INE publishes it monthly, with mining, manufacturing and utilities shown separately.
How much did Chile’s producer prices rise?
They rose 24.8% in the 12 months to September, after 23.6% in August. The forecast was 26%.
What drove the September increase?
Mining prices rose 4.0% on the month, led by copper extraction and processing at 4.2%. Manufacturing rose 1.0%, with refined petroleum up 8.4%.
When does Chile’s central bank meet next?
It decides on interest rates on 27 October 2026. Its rate is 4.50%, and Polymarket traders price no change at 97.9%.
Why do producer prices matter for consumers?
Higher costs for producers can be passed on to shoppers over time. That is why central banks watch the index when setting rates.