Macro Analysis /

Mexico: April inflation – An upward surprise on more pressures in food items

  • Headline inflation came in at 0.33% m/m, higher than expected. The core stood at 0.37%, more in line with forecasts

  • Despite discounts in electricity tariffs, pressures in food items (both core and non-core) dominated performance

  • Annual inflation climbed to 6.08% from 4.67% in March, which, along other risks, should make Banxico hold next week

Gabriel Casillas Olvera
Gabriel Casillas Olvera

Managing DirectorInvestor Relations Officer and Chief Economist

Francisco Jose Flores Serrano
Juan Carlos Alderete Macal
Alejandro Padilla Santana
7 May 2021
Published byBanorte


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