NewsWorldInflation in Mexico rises more than expected in the...

Inflation in Mexico rises more than expected in the first half of June to 7.88%

-

Merchants offer their products in a market in Mexico City, on May 4, 2022. – Mexico announced an agreement with members of the private sector aimed at maintaining the prices of basic foods in the face of the highest inflation in the last two decades. The non-binding pact is designed to keep basic food prices stable for at least six months, said Treasury Secretary Rogelio Ramírez de la O. (Photo by Rodrigo ARANGUA / AFP) (Photo by RODRIGO ARANGUA/AFP via Getty Images) MEXICO CITY (Reuters) — Mexico’s inflation accelerated more than expected in the first half of June, according to official figures released on Thursday, amid expectations that the central bank will raise its rate again key of interest but this time in a more forceful way. The National Consumer Price Index (INPC) grew by 0.49% compared to the previous fortnight, said the National Institute of Statistics and Geography (INEGI), and the annual by 7.88%. The figure was above market expectations as a Reuters poll released this week showed a rate of 7.70% for the headline index, down slightly from 7.72% in the second half of May. Learn about the information from the National Consumer Price Index #INPC, with data updated to the first half of June 2022: https://t.co/qNtGfV1hwI #Inflación #México #ComunicadoINEGI pic.twitter.com/v4LayU1CkX — INEGI INFORMS ( @INEGI_INFORMA) June 23, 2022 The central bank (Banxico) will announce its monetary policy decision later and analysts polled by Reuters expect it to raise the key rate by 75 basis points (bp) to 7.75%. Banco de México, which has a permanent inflation target of 3% +/- one percentage point, has raised the benchmark rate by 300 basis points in its last eight monetary policy meetings to its current level of 7%. Read full story The fortnightly rate of core inflation, seen as a better parameter to measure the trajectory of prices because it eliminates high-volatility products, increased by 0.5% and the annual rate by 7.47%. The INEGI said that within the core index at a fortnightly rate, the prices of merchandise increased by 0.64% and services by 0.33%, while in the non-core index, also at a biweekly rate, agricultural products grew by 0.85% and energy and tariffs authorized by the government 0.19%.

1 COMMENT

  1. Download Matko Jelavic – Prvoj Ruzi Hrvatske Album Mp3 Zip 2010-11-17
    Download Deep Focus – Moon Album Mp3 Zip 2010-11-17
    Download Various Artists – Folk Tradicional Dels Països Catalans Album Mp3 Zip 2010-11-17
    Download Áurea Martins – Depontacabeça Album Mp3 Zip 2010-11-17
    Download 井上陽水 – maryoku Album Mp3 Zip 2010-11-17
    Download Jillandkate – Songs On the 17th, Vol. 1 Album Mp3 Zip 2010-11-17
    Download Emmanuel Djob – The Miracle of Life Album Mp3 Zip 2010-11-17
    Download Dark the Suns – Sleepwalking in a Nighmare Album Mp3 Zip 2010-11-17
    Download Tsumugi Kotobuki – “K-On” Image Song Kotobuki Tsumugi – EP Album Mp3 Zip 2010-11-17
    Download El Puchero del Hortelano – El Tiempo de Manuel Album Mp3 Zip 2010-11-17
    Download Tsumugi Kotobuki – “K-On” Image Song Kotobuki Tsumugi – EP Album Mp3 Zip 2010-11-17
    Download Emmanuel Djob – The Miracle of Life Album Mp3 Zip 2010-11-17
    Download Various Artists – Country Music Heaven Album Mp3 Zip 2010-11-17
    Download Varios Artistas – Café Solaire, Vol. 18 Album Mp3 Zip 2010-11-17
    Download El Puchero del Hortelano – El Tiempo de Manuel Album Mp3 Zip 2010-11-17
    Download Silverio – Esclavo Album Mp3 Zip 2010-11-17
    Download Various Artists – Country Music Heaven Album Mp3 Zip 2010-11-17
    Download Carlos Varela – Somos El Sur Album Mp3 Zip 2010-11-17
    Download Deep Focus – Moon Album Mp3 Zip 2010-11-17
    Download Carlos Varela – Somos El Sur Album Mp3 Zip 2010-11-17
    Download De Press – Norwid – Gromy i pyłki Album Mp3 Zip 2010-11-17
    Download Varios Artistas – Café Solaire, Vol. 18 Album Mp3 Zip 2010-11-17
    Download 1200 Micrograms – Gramology Album Mp3 Zip 2010-11-17
    Download 1200 Micrograms – Gramology Album Mp3 Zip 2010-11-17
    Download Silverio – Esclavo Album Mp3 Zip 2010-11-17

Comments are closed.

Latest news

44 migrants found dead inside a truck in San Antonio, Texas

(CNN) -- Authorities found 44 dead migrants inside a truck in San Antonio, Texas, according to City Councilwoman Adriana...

Departure of Pochettino, arrival of Galtier at PSG, why it’s dragging

Departure of Pochettino, arrival of Galtier at PSG, why it's dragging L'Équipe.frSee full coverage on Google News

Box office: Top Gun billionaire, Elvis in the lead in the United States

'Elvis' is neck and neck with 'Top Gun: Maverick' at the US box office this weekend. Figures that...

Inflation: Bruno Le Maire confirms the cap on rent increases at 3.5% – BFM Immo

Invited this Monday on RMC and BFMTV, the Minister of the Economy, Bruno Le Maire, confirmed the establishment of...

You might also likeRELATED
Recommended to you