Inflation in Might was 4.69%, pushed by agricultural costs

Inflation in Might was 4.69%, pushed by agricultural costs

Mexico Metropolis. Inflation in Might was 4.69 p.c at an annual fee, as a result of improve within the costs of some agricultural merchandise and air transportation, the Nationwide Institute of Statistics and Geography (Inegi) reported this Friday. Within the fifth month of 2024, the Nationwide Client Worth Index (INPC) noticed a lower of 0.19 … Read more

BdeM expects financial reactivation within the second and third quarters

BdeM expects financial reactivation within the second and third quarters

Mexico Metropolis. The Financial institution of Mexico (BdeM) expects the native economic system to reactivate within the second and third quarters of the 12 months, after the weak point of the final three months of 2023 was extended within the first, in keeping with the minutes of the newest coverage choice. financial launched this Thursday. … Read more

BdeM maintains rate of interest at 11%; raises inflation forecast

BdeM maintains rate of interest at 11%;  raises inflation forecast

Mexico Metropolis. The governing board of the Financial institution of Mexico (BdeM) stored its reference rate of interest unchanged at a degree of 11 p.c, within the face of better inflationary pressures that additionally led it to barely elevate its inflation forecasts for the top of the yr. In its financial coverage assertion, the central … Read more

Low inflation in Mexico, but “the work is not finished”: BdeM

Low inflation in Mexico, but “the work is not finished”: BdeM

Mexico City. Inflation in Mexico is falling, but “the work is not finished,” emphasized Galia Borja, deputy governor of the Bank of Mexico. The most recent reading, from March, showed that the national consumer price index advanced 4.42 percent annually, far from the levels above more than 8 percent that it reached in the second … Read more

Inflation reached 4.42% in March; the price of chicken and gasoline boosted it

Inflation reached 4.42% in March;  the price of chicken and gasoline boosted it

Mexico City. Mexico registered an annual inflation in March of 4.42 percent, driven by the increase in prices of chicken, air transportation, gasoline, housing, lunch shops, and packaged tourist services, mainly. According to the latest report from the National Institute of Statistics and Geography (Inegi), the country’s general inflation increased slightly from February to March, … Read more

Weakness in private consumption persists, falling 0.6% monthly in January

Weakness in private consumption persists, falling 0.6% monthly in January

Mexico City. Dragged by the domestic sector, private consumption in Mexico started 2024 with a monthly contraction and less progress compared to January of last year, reported the National Institute of Statistics and Geography (Inegi). The Monthly Indicator of Private Consumption (IMCP) evaluated that spending by companies, families and individuals in Mexico showed a monthly … Read more