The Central Bank of Chile published its Survey of Price Determinants and Expectations (EDEP), covering firms’ price-setting behaviour and economic expectations, including 12- and 24-month inflation expectations. The survey shows the median 12-month inflation expectation unchanged at 4%, while the 24-month median falls to 3.8%. The results, based on information collected in June, July and August 2025, indicate a broadly similar picture to the previous rolling quarter: firms’ prices and sales remain around a neutral zone and profit margins show no relevant changes, while perceptions of cost increases tick up slightly after gradual declines earlier in the year. In terms of drivers of selling prices, sales levels and margins are not generating pressure, whereas costs and the US dollar exchange rate are contributing to upward price influences; cost-related pressure continues to ease, but exchange-rate pressure rises slightly versus the previous rolling quarter. The share of firms expecting input cost increases declines, while the proportion expecting to raise selling prices over the next 12 months remains unchanged.
Central Bank of Chile 2025-10-06
Central Bank of Chile publishes EDEP price-setting survey with 12-month inflation expectations median steady at 4% and 24-month median down to 3.8%
The Central Bank of Chile's Survey of Price Determinants and Expectations shows stable 12-month inflation expectations at 4% and a slight decrease in 24-month expectations to 3.8%. The survey indicates stable firm prices and sales, with easing cost pressures but slightly increasing exchange rate pressures. The proportion of firms expecting input cost increases has declined, while expectations for raising selling prices remain unchanged.