Mexico: Ahead of the Curve

  • Inflation in 1H-July to climb 0.30% 2w/2w, with pressures in key categories. The annual figure would stand at 5.68%

  • We expect INEGI’s Timely Indicator to show an upward revision for May, with some uncertainty for June

  • Retail sales in May to rebound 0.5% m/m (+29.3% y/y), aided by better fundamentals and epidemiological conditions

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