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CHILE: CPI Inflation Expected To Rebound In December

CHILE
  • CPI inflation data for December will be published tomorrow at 1100GMT(0600ET), with consensus for the chained measure to rebound to 4.7% y/y, from 4.2% in November, driven by a pick-up in both food and energy inflation on the back of unhelpful base effects. The ex-volatiles measure is also seen rising from 4.0% y/y last month amid sticky services price pressures and an expected pick-up in goods inflation.
  • The data come after yesterday’s publication of the BCCh minutes to the Dec 17 monetary policy meeting, which highlighted the significant risks that the monetary policy committee sees to the outlook, particularly regarding short-term inflation, suggesting that the central bank may pause its easing cycle later this month.
  • Regarding that, the central bank will also publish its latest traders survey at 1130GMT tomorrow, followed by the equivalent economist survey on Friday, which will include interest rate forecasts for the next MPC meeting on Jan 28.
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  • CPI inflation data for December will be published tomorrow at 1100GMT(0600ET), with consensus for the chained measure to rebound to 4.7% y/y, from 4.2% in November, driven by a pick-up in both food and energy inflation on the back of unhelpful base effects. The ex-volatiles measure is also seen rising from 4.0% y/y last month amid sticky services price pressures and an expected pick-up in goods inflation.
  • The data come after yesterday’s publication of the BCCh minutes to the Dec 17 monetary policy meeting, which highlighted the significant risks that the monetary policy committee sees to the outlook, particularly regarding short-term inflation, suggesting that the central bank may pause its easing cycle later this month.
  • Regarding that, the central bank will also publish its latest traders survey at 1130GMT tomorrow, followed by the equivalent economist survey on Friday, which will include interest rate forecasts for the next MPC meeting on Jan 28.