According to Jinshi, Oxford Economics said in a report on the Latin American economy that the food price surge that led to higher inflation in Brazil, Mexico and Chile last month is likely to be temporary. The agency said that core disinflation continues and overall inflation in the region is expected to continue to ease. Colombia's core inflation rate remains worryingly high, while Peru's inflation dynamics are the mildest in the region. Argentina is struggling with triple-digit CPI data, and January data, which will be released next week, is expected to slow slightly. Concerns about hyperinflation have subsided as the government is determined to build a reliable fiscal pillar.