- In one line: Inflation is finally coming back down to earth.
Andres Abadia (Senior International Economist)Latin America
- In one line: Elevated indexation keep inflation high in January.
Andres Abadia (Senior International Economist)Latin America
- In one line: A decent end to the year, with core pressures finally receding.
Andres Abadia (Senior International Economist)Latin America
- In one line: First signs that core inflation is slowing, at the margin.
Andres Abadia (Senior International Economist)Latin America
- Banxico stuck to the script and increased the main rate by 75bp, to push inflation expectations down…
- …But the tightening cycle will probably be over next month, as better news in CPI inflation keeps coming.
- Data this week confirmed that the inflation peak was in Q3; disinflation will consolidate during H1.
Andres Abadia (Senior International Economist)Latin America
- Brazil’s economic growth was stronger-than-expected in early July, which will disquiet the COPOM...
- ...But still-high inflation and political uncertainty are already weighing on consumers’ spending.
- Argentinians will soon face triple-digit inflation, driven by rising input costs and the ARS sell-off.
Andres Abadia (Senior International Economist)Latin America
- The headline rate of CPI inflation continues to fall rapidly in Brazil, thanks to recent tax reductions...
- ...But policymakers remain on alert, as the core rate remains sticky, especially non-administered prices.
- Peru’s central bank slowed the march to 25bp; the end of the tightening cycle is near.
Andres Abadia (Senior International Economist)Latin America
- Inflation in Mexico rose in August, meeting expectations, allowing Banxico to hike by 50bp this month.
- The inflation picture remains ugly in Chile, but the recession likely will push it down in Q4.
- The BCCh surprised markets by increasing the main rate by 100bp, but it adopted a neutral bias.
Andres Abadia (Senior International Economist)Latin America
- Inflation in Mexico likely hit a new multi-decade high in August, but likely conditions will improve soon.
- Inflation pressures in Peru are finally easing; the end of the BRCP’s tightening cycle is around the corner.
- Core inflation remains subdued, and a weakening domestic demand will help to push it lower in Q4.
Andres Abadia (Senior International Economist)Latin America
