Consumer prices increased by 0.38% mom in November, way lower than market consensus and ours (0.75%, Bloomberg vs 0.77%, BBVA). Annual inflation increased to 10.56% from 8.55% in October due to the unfavorable base effect. We expect that annual inflation will increase close to 11.8% at the end of 2019 with downside risk.
inflation dynamics latest publications
October 1, 2010
Product Market Competition and Inflation Dynamics: Evidence from a Panel of OECD Countries
We analyse the impact of product market competition on the responsiveness of inflation to macroeconomic imbalances.