IPCA for December surprised on the upside, but we continue to envision a benign scenario ahead
In December, the IPCA surged to 0.56%, primarily driven by a notable uptick in the Food at Home category. Meanwhile, the United States witnessed a reinforcing of inflation in December, affirming our anticipation of an interest rate cycle reversal slated for May 2024. Conversely, China experienced a persistent decline in inflation during December, impacting both producer and consumer sectors, underscoring the imperative for fresh government stimulus measures.
For more information, please check our Weekly Report 46.
