The Central Bank of Chile published the Survey of Price Determinants and Expectations (EDEP), covering firms’ price-setting dynamics and their economic expectations, including 12- and 24-month inflation expectations. The results point to broadly stable selling prices in recent months and unchanged median inflation expectations. The survey data were collected in September to November 2025. Firms reported selling prices remaining around neutral levels, cost pressures broadly similar to prior months, slightly weaker sales volumes, and a modest improvement in profit margins over the latest rolling quarter. In terms of drivers, sales conditions were associated with downward pressure on prices, while costs and the USD exchange rate continued to exert upward pressure, with the exchange-rate effect described as materially weaker. The share of firms expecting input costs to rise was unchanged, while the share expecting to increase selling prices over the next 12 months edged up; median inflation expectations remained at 4% for 12 months ahead and 3.5% for 24 months ahead.
Central Bank of Chile 2026-01-06
Central Bank of Chile releases EDEP survey with firms’ 12- and 24-month inflation expectations holding at 4% and 3.5%
The Central Bank of Chile released the Survey of Price Determinants and Expectations, indicating stable selling prices and unchanged median inflation expectations. Firms reported neutral selling prices, similar cost pressures, slightly weaker sales volumes, and modest profit margin improvements. Sales conditions exerted downward pressure on prices, while costs and a weaker USD exchange rate contributed upward pressure.