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Latam Daily: Chile’s CPI Rises to 0.3% m/m While Mexico’s CPI Below Consensus
On Friday, June 7th, the Statistics Agency (INE) published the CPI for May, which rose 0.3% m/m, significantly surprising our projection of 0%, although well below market expectations (Economists Survey: 0.3%; Traders Survey: 0.2%). Our expectation of greater impacts on the basket of the recent appreciation of the CLP is not observed in this monthly record. However, we expect that the strength of the peso will be observed during the coming months in several tradable products. By division, the greatest positive impact came from transportation, due to the expected increase in gasoline. Along the same lines, the ... (full story)
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- Posted: Jun 10, 2024 11:46pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 293
