Macro Analysis /
Global

Mexico: 1H-January inflation – Higher on pressures in energy prices

  • Headline inflation rose 0.51% 2w/2w, with the core component at +0.24% and the non-core at 1.37%

  • We noted pressures in energy as global prices extended higher, along processed foods given usual upward adjustments

  • Annual inflation stood at 3.33% from 3.15% by year-end 2020, while the core was broadly stable at 3.83% from 3.80%

Alejandro Padilla Santana
Alejandro Padilla Santana

Executive Director of Economic Research and Financial Markets Strategy

Contributors
Manuel Jimenez Zaldivar
Francisco Jose Flores Serrano
Juan Carlos Alderete Macal
Banorte
22 January 2021
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