Macro Analysis /
Global

Mexico: December inflation – 2021 closes at 7.4%, highest in over two decades

  • Headline inflation rose 0.36% m/m, with the core much higher at 0.80%. We highlight declines in LP gas and fruits

  • Annual headline and core inflation reached 7.36% and 5.94%, respectively, highest for a full calendar year since 2000

  • We still see complex dynamics, at least in the short term. As such, we keep our call of a 50bps hike by Banxico in Feb

Alejandro Padilla Santana
Alejandro Padilla Santana

Executive Director of Economic Research and Financial Markets Strategy

Contributors
Leslie Thalia Orozco Velez
Manuel Jimenez Zaldivar
Francisco Jose Flores Serrano
Juan Carlos Alderete Macal
Banorte
8 January 2022
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