Mexico Inflation Slows Again Amid High Interest Rate and Strong Peso
- Headline inflation 4.79% y/y in early July, near 4.77% est.
- Core inflation was 6.76% y/y, just above 6.73% estimate
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Mexico’s inflation extended its gradual slowdown in early July, roughly in line with forecasts, helped by double-digit interest rates and the strongest peso since 2015.
Consumer prices rose 4.79% in the first half of the month compared to the same period a year earlier, down from 4.93% in late June, the national statistics institute reported Monday. The result was just above the 4.77% median estimate of economists surveyed by Bloomberg.