LatAm Daily | Inflation peaked at 10.7% YoY in Brazil at the end of 2015

Summary

Despite inflation was somewhat lower than expected in December; it was well above the target range due to the “normalisation” of regulated prices together with the impact of the exchange rate depreciation and other supply shocks. December’s inflation was also lower than expected in Chile, where incoming data support a pause in MPR at this week’s Monetary Policy meeting.

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