Macro Analysis /
Global

Mexico: September CPI –We adjust our YE21 estimate to 6.6% as pressures persist

  • Inflation rose 0.62% m/m, with the core at 0.46%. We noted increases in core goods, energy and agricultural items

  • As such, annual inflation picked up to 6.00% from 5.59%, with the core also higher at 4.92% from 4.78%

  • In this context we revise our YE21 forecast to 6.6% y/y from 6.1%, expecting pressures to extend further

Alejandro Padilla Santana
Alejandro Padilla Santana

Executive Director of Economic Research and Financial Markets Strategy

Contributors
Manuel Jimenez Zaldivar
Francisco Jose Flores Serrano
Juan Carlos Alderete Macal
Banorte
7 October 2021
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