Wednesday, May 31, 2023
HomeEconomyMexico inflation at 8.71 percent in first half of September: Reuters poll

Mexico inflation at 8.71 percent in first half of September: Reuters poll

MEXICO CITY (Reuters) – Inflation in Mexico may have stalled its upward trend in the first half of September, although it likely remained above target, maintaining confidence that the central bank will continue to raise its key interest rate, according to Reuters. Monday’s poll of expectations showed.

28 Analysts’ median forecast expected annual inflation of 8. 71%, down from 8.450% in the second half of August, when it reached its highest level 2000 since late August.

“Dynamics will continue to be mostly unfavorable, putting additional pressure on commodities – especially food – despite the slowdown in energy, which we expect to have a positive impact on price outcomes in the coming months,” ” Grupo Financiero Banorte said in a report.

As we all know, Banxico set the inflation target at 1 percentage point above or below 3% and raised the benchmark interest rate

by its last 10 The basis point for the monetary policy meeting fell to the current 8.5%.

The bank’s next decision is scheduled for September. The first month of this month reached 8.%.

Mexican consumer prices are estimated to have risen by 0 in the first half of September compared to the first half of the month.37%, core inflation rose 0.37 %, cumulatively according to a Reuters poll.

Mexico’s National Statistics Institute, INEGI, will release consumer price data for the first half of September on Thursday.



Please enter your comment!
Please enter your name here


Featured NEWS