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July 19, 2022
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Inflation in Mexico is ready to break the 8% annual barrier

Inflation in Mexico is ready to break the 8% annual barrier

For core inflation, considered a better parameter to measure the trajectory of prices because it eliminates high volatility products, a survey carried out by the Reuters agency anticipates a rate of 7.54%, the highest since December 2000.

At the end of last month, the Bank of Mexico applied a historic increase of 75 basis points to the reference interest rate and warned that it would continue raising it, even by the same magnitude, if necessary.

The central bank, which began a cycle of rate hikes in 2021, has an inflation target of 3% plus/minus one percentage point. Its next monetary policy meeting is scheduled for August 11.

In the first 15 days of July alone, prices would have increased by 0.39% according to the Reuters survey, while for the core index the median of the projections was 0.31%.

With information from Reuters



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