Macro Analysis /

Mexico: August CPI – Stays elevated even after considering seasonal pressures

  • Headline inflation grew 0.70% m/m, with the core at 0.80%. Pressures centered in goods, especially processed foods

  • As such, annual headline inflation picked up to 8.70% from 8.15%, with the core climbing to 8.05% (previous: 7.65%)

  • Given this result and our estimate for the next Fed decision, we reiterate our call of a 75bps hike on September 29th

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Leslie Thalia Orozco Velez
Manuel Jimenez Zaldivar
Francisco Jose Flores Serrano
8 September 2022
Published byBanorte


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