As for core inflation, which is considered a better parameter to measure the trajectory of prices because it eliminates high volatility products, estimates indicate that it would advance 6.15%, that is, its highest result since September 2001.
In January alone, consumer prices would have grown by 0.55%, according to estimates.
The increase would have been driven by increases in the prices of processed foods, meat products and energy.
The deputy governor of Banco de México, Jonathan Heath estimated last week that core inflation will peak in February or March, and then begin to decline, although “not very quickly.”
The banker commented that Banxico must ensure that inflation expectations, especially in the medium and long term, are not affected, because although “at that time we cannot help lower inflation more quickly, we must follow the trajectory to the downside of inflation with an adequate posture”
Banxico raised its reference interest rate in mid-December, above what the market expected, to leave it at 5.50%, citing a deterioration in inflation forecasts.
The next monetary policy decision, the first of eight this year, is scheduled for February 10. Banxico has a permanent inflation target of 3% +/- one percentage point.
The Inegi will disclose next Wednesday the behavior of the price index during January.
