Latin America’s Top Economies See Faster-Than-Expected Inflation
- Mid-January price rises top forecasts in Brazil and Mexico
- Policymakers from both nations to set rates in February
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Brazil’s and Mexico’s consumer prices rose more than expected in the first weeks of the year, highlighting challenges facing policymakers as they work to bring inflation back to their targets.
Official data released Tuesday showed Brazil’s prices rising 0.55% in mid-January from the month prior, above analysts’ 0.51% median estimate. Mexico’s inflation stood at 0.46% during the same period, above the 0.39% forecast, while the closely-watched core reading also rose past projections.