LatAm Daily | We raise our end of year inflation forecast in Peru to 3.3%

Summary

CPI increased to 0.33% MoM in June due to higher fuel and food prices, carrying inflation up to 3.54% YoY. This increase will delay the return to the CB’s target range. Meanwhile, today industrial production in Brazil will be released where we expect a drop of 1.2% MoM, lower than in April, reinforcing our view that GDP in 2Q15 will retreat significantly.

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