“Going forward, the central bank expects that the inflationary environment will allow for discussion of adjustments to the reference rate. It will take into account the prospect that global shocks will continue to fade and the effects of weak economic activity,” the central bank said in its statement.
Inflation forecasts rise
The members of the Governing Board raised their inflation forecasts for the next three quarters of the year. Inflation is expected to converge to the 3% target in the fourth quarter of 2025.
The July inflation was affected by the increase in non-core inflation especially in agricultural products as well as fruits and vegetables, which increased by double digits.
Energy prices also increased by more than 9%, according to data from Inegi.
