Latam Daily | Brazil and Chile’s inflation in June figures top our forecasts

Summary

In Brazil, inflation increased 0.79% MoM, beating our estimate by a little, but lower than consensus, driven by foods and beverage and administered prices. Meanwhile, Chile’s CPI came in above consensus, increasing 0.5% MoM due to transportation, housing and foodstuffs. We expect CPI in July to rise in a range of 0.1%-0.2% MoM. Mexico’s inflation will be released today.

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