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LatAm | Has exchange rate pass-through to prices increased in Latin America?

Published on Thursday, October 22, 2015 | Updated on Thursday, October 22, 2015

LatAm | Has exchange rate pass-through to prices increased in Latin America?

After the later inflation surprise to the upside in South America, we estimate the degree of pass-through of the exchange rate to prices for each country of the region. In general, there is no strong evidence that it has increased significantly over the past year, but that it has been the sheer scale of depreciation which has driven inflation in Latin America.

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