Mexico Annual Inflation Tops All Forecasts Before August Rate Decision
- Consumer prices rose 5.61% in early July from year prior
- Central bank’s next interest rate decision to be Aug. 8
Shoppers at a market in Mexico City, Mexico.
Photographer: Jeoffrey Guillemard/BloombergThis article is for subscribers only.
Mexico’s headline inflation accelerated much more than expected early this month, complicating investor bets that Banco de Mexico will resume interest rate cuts in August.
Official data published Wednesday showed consumer prices rose 5.61% in the first two weeks of July from the same period a year earlier, above all forecasts in a Bloomberg survey of economists that had a 5.38% median estimate.