Central Banks in Latin America Rejoice at Favorable Inflation News

Inflation slowed more than expected in Mexico and Chile last month, in a sign that Latin American policymakers are finally getting soaring consumer prices back under control.

Mexico’s cost of living increased 5.84% from a year prior, below the 5.88% median forecast in a Bloomberg survey of economists, while Chile’s annual inflation slowed past all estimates to 8.7%, according to official data published on Thursday. The reports followed smaller-than-expected May consumer price increases in Colombia, Brazil and Peru.

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