Macro Analysis /

Mexico: 1H-August CPI – Food items keep pushing annual rates higher

  • Headline inflation rose 0.42% 2w/2w, surprising higher once again. Most of the increase was driven by the core (0.49%)

  • Hence, annual headline inflation reached 8.62% from 8.14%, with the core also higher at 7.97% from 7.75%

  • We reiterate our view of a 75bps hike by Banxico on September 29th, with the rate by year-end at 10.00%

Alejandro Padilla Santana
Alejandro Padilla Santana

Executive Director of Economic Research and Financial Markets Strategy

Leslie Thalia Orozco Velez
Manuel Jimenez Zaldivar
Francisco Jose Flores Serrano
Juan Carlos Alderete Macal
24 August 2022
Published byBanorte


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