LatAm Daily | Chilean inflation surprises to the upside in August

Summary

The Chilean CPI increased above expectations 0.7% MoM (BBVA: 0.4% MoM; consensus: 0.5% MoM). The surprise came from food and telecom tariffs. We do not rule out the possibility of a more hawkish tone from monetary authority in this month’s meeting. Today the financial trader’s survey in Chile and the CPI in Mexico will be released.

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