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Banxico Deputy Governor Heath Comments On Today's Inflation Data

MEXICO
  • Banxico Deputy Governor Heath On Inflation via Twitter:
  • “The good news is that it seems that inflation for processed foods is beginning to subside, although it is still very high at 12.69%. This continues to be the component that worries the most because it is the highest and because of its importance in household spending.”
  • “The bad news is that inflation for “other” services continues to rise. In the second half of March it reached a new peak of 7.73%. Since the services are not tradable, their determination is due to internal factors.”

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