Fynsa
Custom dictated that, in September, a monthly increase in the CPI of 0.5% or 0.7% was normal, usually motivated by increases in the products most consumed by Chilean families during the holidays. However, for some time now we have seen a change in this behavior.
A new report reveals that toxic air, degraded land or water stress affect 9 out of 10 people in the world. The economic cost exceeds hundreds of billions of dollars a year, and the institution calls for an urgent shift in public policy.
It seems to me that we have been unfair with the July activity data. It is true that it was below expectations and that it represents the lowest positive variation since February, but we believe that there are some elements to highlight, something that has been particularly complex during the last time.
Care must be taken when evaluating data at the margin, especially when the arguments that may be behind it are multifactorial.
The Central Bank announced that it will begin a new international reserves accumulation program, with daily purchases of up to US$25 million per day, starting on August 8, with a duration of 3 years. From our projections, this program was expected. What is striking is the timing.
If the UF is banned, there is nothing to prevent contracts from being indexed based on the CPI variation of the previous month or readjusted a priori according to some estimate of future inflation plus a risk premium. How do we then ensure that families are not affected by the loss of purchasing power?
According to the World Economic Forum, the industry could grow to 30 billion trips by 2034, generate US$16 trillion in GDP, and create millions of jobs... provided environmental, energy and labor challenges are addressed.
Political power redefines global trade and transforms the world economy.
While large companies are breathing, SMEs and real estate companies are still struggling for oxygen. Bank credit looks like a party with a VIP list: few guests, many waiting outside. But there are other doors, if we know where to knock.
The April CPI surprised by coming in below expectations, reinforcing the trend of inflation moderation. Convergence towards the target seems to be progressing, with no significant pressures on the near horizon.
