Latin America’s Inflation Progress Tempered by Soaring Food Price Pressures

02/09/2024 01:46
Latin America’s Inflation Progress Tempered by Soaring Food Price Pressures

Brazil’s and Chile’s consumer prices rose more than expected in January while Mexico’s annual inflation sped up for the third straight month as policymakers in those countries faced renewed food cost pressures.

Brazil’s and Chile’s consumer prices rose more than expected in January while Mexico’s annual inflation sped up for the third straight month as policymakers in those countries faced renewed food cost pressures.

Annual inflation in Brazil unexpectedly ran above the central bank’s tolerance range, at 4.51%, while Chile consumer prices rose past estimates, hitting 3.8% from a year ago, according to data published Thursday. Mexico’s cost of living increased 4.88% in 12 months, picking up for the third straight time.

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