US EditionMexico’s annual inflation eases in June, but core rate climbs
21 Articles
21 Articles
Inflation eases in June, but not enough to rule out a slower rate-cut pace
Annual inflation slowed in June, although core prices remained stubbornly high, prompting speculation that the central bank might slow the pace of interest rate cuts. According to data from Mexico’s national statistics agency INEGI, consumer prices rose 4.32% in June, down from 4.42% in May, representing the first monthly decline in the annual inflation rate since January. The inflation report for June mentioned zucchini as one of the vegetable…
Mexico's Annual Inflation Eases in June, but Core Rate Climbs
In the midst of a questionable period of economic stability, general inflation in Mexico has shown signs of relief.After four months of continuous increase, the figures for the month of June show a decrease.According to the original report, a Reuters survey published on Tuesday suggests that inflation dropped by 4.31%, compared to the 4.42% observed in May.Dynamics of underlying inflationDespite this good news in the general arena, underlying in…
The Mexican peso appreciated this Wednesday after a local inflation report that supported the prospects that the central bank would reduce the rate of cuts to the key interest rate. The exchange rate quoted at 18,5805 pesos to the dollar, with an advance of 0.10% for the Mexican currency, in a market also attentive to the tariff announcements of President Donald Trump, after he expanded his global trade war. Mexico’s general consumer price index…
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