Macro Analysis /
Global

1H-June inflation –Now seeing higher price increases for longer

  • Headline and core inflation were significantly above expectations at 0.49% and 0.50% 2w/2w, respectively

  • With this, annual inflation increased to 7.88%, a new high in bi-weekly frequency. The core picked up to 7.47%

  • Following the release, we revise our year-end forecast to 8.1% y/y from 6.7%. For 2023, the estimate rises to 4.1%

Alejandro Padilla Santana
Alejandro Padilla Santana

Executive Director of Economic Research and Financial Markets Strategy

Contributors
Leslie Thalia Orozco Velez
Manuel Jimenez Zaldivar
Francisco Jose Flores Serrano
Juan Carlos Alderete Macal
Banorte
23 June 2022
Published byBanorte

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