Mexico's inflation records six-month decrease and stands at 4.79% in July

INSUBCONTINENT EXCLUSIVE:
the National Institute of Statistics and Geography (Inegi).Compared to July of the previous year, there was a monthly inflation of 0.74% and
an annual inflation of 8.15%.The core price index, which removes seasonally volatile items, saw a monthly rise of 0.39% and an annual rate
of 6.64%.Delving into the core index, goods prices increased by 0.31% monthly, and services by 0.49%.Photo Internet reproduction.Conversely,
the non-core price index, which encompasses the entire basket of goods, varied by 0.77% for the month and showed a year-on-year decline of
0.67%.In specific categories, agricultural product prices grew by 1.90% within the month, while energy prices and government-regulated rates
Obrador, highlighted the positive implications of this declining inflation for household economies.Additionally, in May, the Bank of Mexico
(Banxico) chose to keep the interest rate steady at 11.25%, marking the first time since June 2021 and concluding a period of rate hikes
initiated when inflation was at 4%.The Financial Group Banco Base foresees an end-of-year inflation expectation of 4.6%.Given these
conditions, experts anticipate the Central Bank to maintain the current interest rate in its upcoming monetary policy announcement on August
by fuel and food prices.