Macro Analysis /

Mexico: Ahead of the Curve

  • Inflation in 1H-Sep to rise 0.29% 2w/2w, with pressures at the non-core. As such, the annual print would climb to 5.73%

  • Retail sales in July to post a modest 0.2% m/m rebound (+11.6% y/y) with cautiousness among consumers prevailing

  • Aggregate supply and demand to climb 25.8% y/y, likely with a good performance in consumption

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

17 September 2021
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