25 Nov 2020 Temporary Divergent Inflation Fortunes in Brazil and Mexico

Andres Abadia (Senior International Economist)24th Nov 2020 18:10Latin America, Economic Monitor

Inflation in the biggest economies in the region remains close to cyclical lows, but it has taken divergent paths in November, allowing Banxico to ease even further over the next few months.

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banxico base effects board brazil brl consumer core inflation core prices coronavirus depreciation easing economic activity economy energy fiscal stimulus food food prices fx gasoline headline inflation index inflation inflation pressures input prices interest rates ipca-15 January job market labour labour market latin america manufacturing manufacturing output mexico monetary November policymakers q4 rate cut remain services prices stocks transport transport prices unemployment unemployment rate utilities

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