As for the underlying component, considered a better parameter to measure the trajectory of prices because it eliminates highly volatile products, estimates point to an annual rate of 7.06%, its highest level since January 2001.
Energy and food prices have put pressure on inflation since last year. For April, attention will be focused on services and products related to tourism.
Jessica Roldán, director of Economic Analysis at Finamex, recently told Expansión that the inflationary outlook is complex for the world. “In Mexico in particular, in addition to the global issue, there is the fact that inflation is very persistent, especially the underlying one,” she considered.
The economist pointed out that the central bank’s Governing Board agrees that the reference interest rate has to be raised to restrictive territory, but there are discrepancies in the measures to be taken going forward.
Citibanamex economists agree that the members of the Governing Board want to proceed with caution, although “more aggressive decisions” cannot be ruled out due to these unprecedented inflationary effects.
The analysts consulted also estimate that at the next monetary policy meeting, on May 12, the members of the Governing Board will raise the rate by 50 basis points, to take it to 7%.
With information from Luz Elena Marcos