Global Datanote: Inflation IPCA and Economic activity index, Brazil, March/February, 2025

• In one line: Rising food prices and FX volatility rekindle inflation risks amid slowing domestic demand. 

Andrés Abadía (Chief LatAm Economist)Global

Global Datanote: CPI, US, March, 2025

• In one line: Tariffs will snatch defeat from the jaws of victory.

Samuel TombsGlobal

Global Datanote: Inflation, Mexico, March, 2025

• In one line: MXN depreciation clouds the outlook.

Andrés Abadía (Chief LatAm Economist)Global

Global Datanote: Inflation, Chile, March, 2025

• In one line: Sticky due to temporary shocks.

Andrés Abadía (Chief LatAm Economist)Global

Global Datanote: CPI, Indonesia, March

• In one line: Short-lived, policy-induced deflation is over.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Employment, US, March 2025

Healthcare driving payroll growth again; ongoing support will offset some tariff damage.

Samuel TombsGlobal

Global Datanote: Manufacturing PMI, ASEAN, March

• In one line: The nascent improvement is far from comprehensive.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: BanRep Announcement, Colombia, March, 2025

• In one line: On hold, as uncertainty lingers.

Andrés Abadía (Chief LatAm Economist)Global

Global Datanote: Bi-weekly CPI and IGAE, Mexico, March/January, 2025

• In one line: Weak economic activity curbing inflation.

Andrés Abadía (Chief LatAm Economist)Global

Global Datanote: Monetary policy meeting, Brazil, March, 2025

• In one line: Another bold rate hike, but the magnitude of tightening will be reduced in May.

Andrés Abadía (Chief LatAm Economist)Global

Global Datanote: Economic activity index, Brazil, January, 2025

• In one line: Better, but the overall picture is still one of subpar growth. 

Andrés Abadía (Chief LatAm Economist)Global

Global Datanote: BCRP Rate Decision, Peru, March, 2025

• In one line: On hold amid rising global uncertainty.

Andrés Abadía (Chief LatAm Economist)Global

Global Datanote: February CPI & January IP, India

• In one line: Food disinflation strikes again; consumer non-durables IP stages a partial rebound.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Economic activity index, Chile, January, 2025

• In one line: A solid start to the year.

Andrés Abadía (Chief LatAm Economist)Global

Global Datanote: Trade, Indonesia, January

• In one line: A very unwelcome leap in the trade surplus.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: US Employment, January

• In one line: Positive near-term revisions offset the subpar January print; a March easing is off the table.

Samuel TombsGlobal

Global Datanote: US CPI, January

• In one line: Seasonals still failing to offset new year price rises; February data will reassure the FOMC.

Samuel TombsGlobal

Global Datanote: January CPI & December IP, India

• In one line: Setting the stage for an immediate follow-up rate cut in April; consumer goods output go MIA to close off 2024.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Inflation, Brazil, January, 2025

• In one line: Modest January pressures offer little relief to a challenging inflation outlook.

Andrés Abadía (Chief LatAm Economist)Global