INSUBCONTINENT EXCLUSIVE:
In the first half of September 2023, inflation in Mexico dipped, with a report by Inegi indicating a 0.25% rise in the consumer price index
from the previous period.This sets the yearly rate at 4.44%
Analysts had forecasted a rate close to this, at 4.48%
This marks the lowest rate since March 2021.Interestingly, a year ago the rate stood at 8.76%
Meanwhile, core inflation went up by 0.27% in the two-week period.Mexican Inflation Hits 4.44% Aligns with Forecasts
(Photo Internet reproduction)Annually, it sits at 5.78%
This figure is close to the predicted 5.75% and is the lowest since October 2021
Non-core prices increased 0.19% bi-weekly and 0.48% yearly.The Bank of Mexico (Banxico) holds a high interest rate of 11.25%
High interest rates limit borrowing and help control inflation.Secondly, lower inflation benefits consumers by boosting buying power
Decreased inflation could hint at reduced economic activities.However, this change meets analyst forecasts, suggesting a controlled
descent.Core inflation is a key metric
Mexican assets might seem more attractive
