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LatAm Weekly

Mixed Inflation Results Across the Region

EXECUTIVE SUMMARY

In Brazil, October inflation came in above expectations as a result of higher food prices and positive output gap, despite an overvalued currency, suggesting further deterioration in the inflation outlook. The automobile sector advanced in October. In Mexico, inflation in October came in line with expectations, highlighting contained core prices driven by limited demand-pull pressures and a relatively strong currency. The automobile sector continued to decelerate in October. In Chile, October inflation surprised on the downside on the back of beneficial seasonality and[...]

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