Macro Analysis /

Mexico: July CPI – Food items remain to the upside, pushing annual rates higher

  • Headline inflation rose 0.74% m/m, with the core at 0.62%. Pressures centered in processed and fresh food

  • As such, annual headline inflation picked up to 8.15% from 7.99%, with the core climbing to 7.65% (previous: 7.49%)

  • We reiterate our call of a 75bps hike on Thursday by Banxico, with higher prices and the Fed driving the decision

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Leslie Thalia Orozco Velez
Manuel Jimenez Zaldivar
Francisco Jose Flores Serrano
9 August 2022
Published byBanorte


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