Mexico: Ahead of Curve

  • CPI in 1H-September up 0.32% 2w/2w (8.71% y/y), pressured once again by food items both at the core and non-core

  • We expect July’s Timely Indicator of Economic Activity to be revised upwards, while signs for August are more negative

  • Other indicators to be released include 2Q22 aggregate supply and demand and July’s retail sales

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