Macro Analysis /
GlobalMexico: Ahead of the Curve
We expect Banxico to hike +75bps (8.50%) in line with Fed’s last hike and prevalence pressures at the core inflation
July’s CPI to rise 0.80% m/m (8.21% a/a), with processed food still pressured and energy skewed to the upside
Other indicators to be released include June’s industrial production, and July’s wage negotiations and ANTAD sales
Juan Carlos Alderete Macal
Director of Economic Research @ Banorte
Francisco Jose Flores Serrano
Senior Economist, Mexico @ Banorte
6 August 2022
Published byBanorte
