Weekly Highlights
The latest inflation reports in Argentina and Brazil showed positive m/m changes, although annual inflation keep falling in Brazil. Trade balance in Chile, Colombia and Peru show greater imports momentum, without compromising trade surpluses. Finally, the latest meeting of the Central Bank of Chile ended up without changes in the reference rate, as expected.
Argentina
- October official inflation (as measured by GBA CPI) was 0.8% and 6.5% y/y. The largest increases were registered in education (1.4%), clothing (1.3%) and other goods and services (1.3%). Meanwhile, food and beverages (0.9%) maintained the dynamic of recent months, highlighting increases in all subcomponents (being higher in vegetables, 2.1%). October inflation is in line with our forecast for official inflation of 7.5% by year end.
