Mexico: Inflation hits 21-year high ahead of rate decision

Source: Al Jazeera

08/09/22

Mexico’s inflation accelerated broadly in line with analysts’ estimates in July to the fastest pace since early 2001, as the central bank is seen delivering a second straight 75 basis-point increase to its key interest rate this week.

Consumer prices rose 8.15% last month compared to a year earlier, slightly faster than the 8.14% median estimate of economists surveyed by Bloomberg, the national statistics institute reported Tuesday. On a monthly basis, inflation slowed to 0.74% from 0.84% in July, versus economists’ median estimate of 0.73%.

Read more: Al Jazeera

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