The Central Bank of Chile released the Survey of Price Determinants and Expectations (EDEP), which examines how firms set prices and their economic expectations, including 12- and 24-month inflation expectations. The results reflect information collected during January, February and March 2025. Firms reported a slight easing in perceived cost increases, while sales, input availability and selling prices remained around neutral levels; profit margins continued the upward trend seen in recent quarters. For factors affecting prices of firms’ main products or services, sales levels and profit margins stayed neutral, while other factors continued to push selling prices up but less than in previous quarters, including a marked reduction in the influence of the USD exchange rate and smaller impacts from costs and input availability. The share of firms expecting higher input costs and higher selling prices over the next 12 months was unchanged, with median inflation expectations at 4% over 12 months and 3.7% over 24 months; the dataset is available via the Central Bank of Chile’s website and statistical database.
Central Bank of Chile 2025-05-06
Central Bank of Chile publishes price-setting and inflation expectations survey with 12-month median at 4% and 24-month median down to 3.7%
The Central Bank of Chile released the Survey of Price Determinants and Expectations, indicating firms' inflation expectations at 4% over 12 months and 3.7% over 24 months. Firms reported a slight easing in cost increases, with sales and profit margins remaining stable. The influence of the USD exchange rate on prices has decreased, and input costs and availability impacts have lessened compared to previous quarters.