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Banxico's Heath On Inflation: We Still Have A Lot To Worry About

MEXICO
  • Banxico Deputy Governor Heath's full tweet here (translated):
    • "The inflation data for the first half of January showed increases again, surprising on the rise in the case of core inflation and on the decline in non-core inflation. Virtually all the changes were marginal."
    • He continues: "The prices of services (non-tradable) increased from 5.17% to 5.47%. This means internal pressure, possibly derived from increases in labor costs. We still have a lot to worry about."

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