Macro Analysis /

Mexico: 1H-July inflation –Core pressures are still lingering around

  • Headline inflation rose 0.43% 2w/2w, higher than expected, with the core up 0.34%: Pressures in food items extended

  • In bi-weekly terms, annual inflation picked up 7bps to 8.16%. The core was algo higher, at 7.56% (previous: 7.52%)

  • Recent developments have reinforced our view that Banxico will hike by 75bps in August, with the rate by year-end at 10%

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
22 July 2022
Published byBanorte


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