LatAm Daily | Inflation continues to trend down in Brazil

Summary

Annual inflation declined to 8.84% YoY in June from 9.32% YoY in May. We expect lower pressure from regulated prices and the contraction in domestic demand to continue to drive it down over 2H16 and 2017. Also, the Colombian CB published the minutes for its last MP meeting: they argue that the MPR hike was required to underpin the process of convergence of inflation.

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