LatAm Daily | In Colombia, June inflation surprised on the upside

Summary

June inflation in Colombia surprised at 0.48% MoM (8.60% YoY) due to a higher-than-expected rise in food prices. We expect inflation of 6.2% at the end of 2016 but with an upside bias. In Chile, economic activity slowed down in May (1.8% YoY), losing what was gained at the beginning of the year. We expect growth of between 1% and 1.5% in June’s Imacec.

Geographies

Topics