A survey by the Reuters agency indicates that the median of the projections of 17 participants showed an annual rate of 8.71% for the National Consumer Price Index (INPC), a lower figure than the 8.77% of the second half of August, when it reached its highest level since the end of 2000.
“The dynamics would continue to be mostly unfavorable, with additional pressures on goods -particularly food-, although with a moderation in energy, which we hope will have positive effects on price formation in the coming months”, detailed Grupo Financiero Banorte in a report.
The Bank of Mexico (Banxico), which has an inflation target of 3% +/- one percentage point, has increased the benchmark rate by 450 basis points in its last 10 monetary policy meetings to its current level of 8.5%. .
His next decision is scheduled for next week.
As for the underlying component, seen as a better parameter to measure the trajectory of prices because it eliminates high volatility products, estimates indicate that it would stand at 8.28% at an annual rate.
Only in the first 15 days of September, consumer prices would have grown 0.37% compared to the immediately previous fortnight, while an increase of 0.44% is expected for the underlying index, according to the survey.
The National Statistics Institute will release the price index for the first half of September on Thursday.
