Mexico: Ahead of the Curve

  • Inflation in August to climb 0.69% m/m (8.69% y/y), still driven by food items and despite a moderation in energy

  • IP in July will likely fall 0.1%m/m (1.6% y/y), dragged by mining and construction but with resilient manufacturing

  • Other relevant releases include the 2023 Budget by the MoF, along June’s consumption and investment figures

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