2023-07-24 18:34:00
inflation of Mexico extended its slowdown in early Julymore or less in line with forecasts, amid double-digit interest rates and the strongest peso since 2015.
consumer prices they rose 4.79% in the first half of the month compared to the same period of the previous year, below the 4.93% at the end of Junereported on Monday National Institute of Statistics and Geography (INEGI).
The result was just above the median estimate of economists surveyed by Bloomberg, of 4.77%.
The Mexican industry exceeds expectations thanks to “nearshoring”
Core inflation, which excludes volatile items such as fuel and food, was 6.76% a year, below the previous reading of 6.86% and just above the median estimate of 6.73%.
Consumer price increases continue to trend lower from last year’s high, but remain above Banxico’s 3% target, plus or minus one percentage point.
The easing of pressures on costs has been supported by the “superpeso” by extending its 12-month recovery once morest the dollar.
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