LatAm Daily | Inflation in Brazil surprises to the upside, Chile in line with consensus

Summary

The July print in Brazil came in higher as food and administered prices grew faster than expected. We expect the trend to continue in August and then to ease for the rest of 2015. Chile’s Trade Balance remained weak in July with exports and imports falling by 17% and 12% respectively. Despite a rise in capital goods imports, external and domestic demand remain weak.

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