The Central Bank of Chile published its Survey of Price Determinants and Expectations, which examines firms' price-setting dynamics and economic expectations, including inflation expectations at 12 and 24 months. Based on information collected in March, April and May 2026, the survey points to stronger perceived cost increases, slightly higher selling prices that remain above the neutral level, a modest decline in sales that is smaller than in the previous quarter, and another drop in profit margins. The bank noted that the data were gathered before the understanding agreement signed between the United States and Iran and before its effects on oil prices. The survey shows that costs, input availability and the exchange rate have recently exerted greater upward pressure on the prices of goods and services offered by firms. By contrast, sales levels and profit margins were not adding price pressure and were around neutral. On expectations, the share of firms expecting higher input costs increased again, as did the share expecting to raise selling prices over the next 12 months. Median inflation expectations remained at 4% for the 12-month horizon and rose to 3.5% at 24 months.
Central Bank of Chile2026-07-06
Central Bank of Chile publishes business pricing survey showing stronger cost pressures and 24 month inflation expectations rising to 3.5%
The Central Bank of Chile published its latest business pricing expectations survey based on responses collected in March to May 2026. Firms reported stronger cost pressures, slightly higher selling prices and another fall in profit margins, while median 12-month inflation expectations stayed at 4% and 24-month expectations rose to 3.5%. The results were collected before the United States-Iran understanding and its effects on oil prices.