Economics
Inflation Has Likely Peaked in Latin America’s Largest Economies
- Brazil, Mexico saw consumer prices rising less than forecast
- Central banks forging ahead with rake hikes to fight inflation
Fruit and vegetables sit on display for sale at a supermarket in Mexico.
Photographer: Cesar Rodriguez/BloombergThis article is for subscribers only.
Consumer prices rose less than expected in Brazil and Mexico in early December, signaling that inflation is starting to cool in Latin America’s biggest economies after reaching the fastest pace in about two decades.
Annual inflation slowed to 10.42% in Brazil and 7.45% in Mexico, compared with forecasts for 10.46% and 7.7%, respectively.