Macro Analysis /
GlobalMexico: 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
Managing DirectorInvestor Relations Officer and Chief Economist @ Banorte
Contributors
+ 3
7 May 2021
Published byBanorte
