Inflation in Mexico decreased after growth-Budrigantrade
2022.11.22 15:17
Inflation in Mexico decreased after growth-Budrigantrade
Budrigannews.com – Budrigantrade’s poll on Tuesday found that annual headline inflation in Mexico should have eased in the first half of November but remained well above official targets.As a result, the possibility of the central bank raising interest rates further remains open.
The median forecast of 16 analysts projects annual headline inflation to slow to 8.24%, down from 8.28% in the second half of October.
Core inflation is expected to rise to 8.60%, the highest level since August 2000. Annual inflation, which peaked at 8.77% in the second half of August, is still falling.
Costs for title shoppers are expected to have increased by 0.65 percent during that time.
Yearly expansion stays well over the Bank of Mexico’s objective of 3%, give or take one rate point, as per the estimates.
Since June 2021, the benchmark interest rate has been raised by 600 basis points, bringing it up to 10%, by the Mexican central bank known as Banxico.
Following four increases of 75 basis points in a row, analysts anticipate a 50-basis-point rate increase at the bank’s next monetary policy meeting on December 15.
Mexico’s statistics institute will release data on inflation for the first half of November on Thursday at 6 a.m. (1200 GMT).
