The Central Bank of Chile published its Survey of Price Determinants and Expectations (EDEP), which examines firms’ price-setting dynamics and economic expectations, including 12- and 24-month inflation expectations. The latest results point to broadly unchanged selling prices in recent months and lower median inflation expectations. Firms reported selling prices remaining around a neutral zone, with a slight deceleration in perceived cost increases, a small decline in sales levels, and improved profit margins over recent rolling quarters. Sales levels continued to exert downward pressure on prices, while the exchange rate’s upward influence on selling prices fell considerably and cost pressures, though still upward, were less intense than in prior quarters; profit margins were not generating price pressures. On expectations, a slightly larger share of firms anticipates higher input costs, while the share expecting to raise selling prices over the next 12 months was unchanged. The publication is based on information collected in October, November and December 2025, and the data are available on the Central Bank of Chile’s website and in its Statistical Database.