Inflation & Prices
Mexico’s Annual Inflation Hits Lowest Level Since Early 2021
- Core inflation quickened to 3.65%, forecast was 3.64%
- Central bank expected to cut key rate at February meeting
Shoppers in Mexico City.
Photographer: Stephania Corpi/BloombergThis article is for subscribers only.
Mexico’s annual inflation eased last month to the lowest level since February 2021, keeping in play a fifth straight interest rate cut at the central bank’s next policy meeting.
Official data released Thursday showed consumer prices rose 4.21% in December from the year prior, roughly in line with the 4.22% median estimate of economists surveyed by Bloomberg. They remained above the bank’s 3% target.