Mexico: Ahead of the Curve

  • 1H-March CPI to climb 0.18% 2w/2w, with favorable factors in play. As such, the annual print would moderate to 7.16%

  • January’s GDP-proxy IGAE to climb 0.2% m/m (3.8% y/y), supported by strength in services and with industry unchanged

  • Other relevant indicators include aggregate demand, retail sales, and the Timely Indicator of Economic Activity

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