Macro Analysis /
Global

Mexico: 1H-August inflation – Negative on a new price ceiling for LP gas

  • Inflation in 1H-Aug stood at -0.02% 2w/2w, below expectations. The core reached 0.28%, still relatively pressured

  • We highlight the 15.1% fall in LP gas (contribution: -39bps) as the government established a price ceiling to this good

  • Annual inflation fell to 5.58% from 5.81% on average in July. In contrast, the core moved upwards, at 4.78% from 4.66%

Alejandro Padilla Santana
Alejandro Padilla Santana

Executive Director of Economic Research and Financial Markets Strategy

Contributors
Juan Carlos Alderete Macal
Francisco Jose Flores Serrano
Manuel Jimenez Zaldivar
Banorte
24 August 2021
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