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, based on information collected during September, October and November 2024. Firms’ selling prices and input availability were reported to be around neutral levels, while costs and profit margins showed changes similar to the previous quarter and sales moved closer to neutrality. In terms of factors influencing pricing, sales levels and profit margins remained neutral, while other factors continued to push selling prices upward, most strongly the US dollar price, with costs and input availability exerting upward pressure at a similar intensity to prior quarters. On expectations, the share of firms anticipating higher input costs declined slightly, while a larger share expected increases in their selling prices over the next 12 months, and median inflation expectations for both the next 12 and 24 months stayed at 4%.
Central Bank of Chile 2025-01-07
Central Bank of Chile publishes EDEP survey showing firms’ 12- and 24-month inflation expectations holding at 4%
The Central Bank of Chile released its Survey of Price Determinants and Expectations, highlighting firms' price-setting dynamics and economic expectations. Selling prices and input availability were neutral, while costs and profit margins mirrored the previous quarter. Median inflation expectations for the next 12 and 24 months remained at 4%.