Latam Daily | Mexico inflation in line with below Banxico’s target for the rest of 2015

Summary

Headline inflation raised slightly less than consensus due to declines in fruit and vegetable prices. As a result, YoY inflation reached its lowest level and should bottom-out in 4Q15. We maintain our year-end forecast. In Peru, the central bank kept the MPR unchanged as expected in a context of weakness in private spending and FX pressures.

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