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Goldman Sachs Highlight Potential For Payback In Core-Good Prices In Nov

CHILE
  • Goldman Sachs: Some of the lower prices observed in October (e.g., clothing and home appliances) likely reflected discounted prices driven by the implementation of Cyber sales at the start of the month. If this were the case, GS would expect to see some payback in core-good prices in November.
  • Going forward, a weaker exchange rate, climate risks from El Niño and higher oil prices, pose a risk to inflation. In addition, high nominal wage growth and sizeable minimum wage increases also pose a risk to the disinflationary process, particularly in the labor-intensive services sector where inflation has proven stickier, as higher labor costs are passed through to final consumer prices.

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