LatAm Daily | In Brazil, annual inflation remained at 10.7% at the beginning of January

Summary

Mainly due to food-related pressures, inflation in Brazil reached 0.92% MoM at the beginning of January, implying that annual inflation remained unchanged at 10.7% YoY. In spite of the non-supportive dynamics of food prices, we expect inflation to decelerate going forward. CPI for the first half of January is in line with inflation below 3% for the year-end in Mexico.

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