LatAm Daily | Higher fuel prices to drive inflation up further in Brazil
Published on Wednesday, September 30, 2015
LatAm Daily | Higher fuel prices to drive inflation up further in Brazil
Summary
Gasoline and diesel prices were unexpectedly adjusted by 6% and 4%, respectively, following the negative impact on Petrobras of a weaker exchange rate. We expect this adjustment to have a +0.25pp impact on domestic prices and therefore we revise our inflation forecast for 2015 up to 9.5%. Today, economic indicators will be released for Chile and Colombia.
Geographies
- Geography Tags
- Latin America
- Colombia
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Marina Conesa
Enestor Dos Santos
BBVA Research - Principal Economist
Hugo Perea
BBVA Research - Chief Economist
Cecilia Posadas
BBVA Research - Principal Economist
Jorge Selaive
Carlos Serrano
BBVA Research - Chief Economist
Juana Téllez
BBVA Research - Chief Economist