US EditionMexico’s annual inflation eases in June, but core rate climbs
15 Articles
15 Articles
Mexico's Annual Inflation Eases in June, but Core Rate Climbs
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…
After four months of consecutive increases, inflation in Mexico has shown a slight slowdown. On Wednesday, the National Consumer Price Index (INPC) was 4.32% at the annual rate at the end of June, according to the report released by the National Institute of Statistics and Geography (Inegi). In the last month, inflation reported an increase of 0.28% over what was reported in May, again outside the Bank of Mexico’s objective, which is 3% and a ra…
Inflation in Mexico slowed marginally less than expected in June, while the central bank assesses the pace of its current cycle of easing. Annual inflation slowed to 4.32 percent last month, a figure higher than the average estimated 4.30 percent by economists polled by Bloomberg, but below 4.42 percent in May. Banxico, as the central bank is known, targets inflation at 3 percent, with a variation of one percentage point.The reading, which exclu…
Mexico’s National Consumer Price Index stood at 4.32% at year-on-year rate, down from 4.42% until May, Inegi reported.
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