MNI China Daily Summary: Wednesday, January 22

MNI BRIEF: China Iron Ore Imports To Remain Positive In 2025

MNI BRIEF: China To Boost Long-term Funds For Equity Market

MNI BRIEF: China To Maintian Communication With U.S. - MOFA

MNI JAN CHINA MONEY MARKET INDEX 24.4 VS DEC 36.0

MNI: PBOC Net Injects CNY198 Bln via OMO Wednesday

EZ/UK Bond Supply Calendar: France, UK Auction on Thursday

MNI: US REDBOOK: JAN STORE SALES +4.2% V YR AGO MO

MNI: CANADA DEC INDUSTRIAL PRICES +0.2% MOM; EX-ENERGY +0.4%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MEXICO: Bi-Weekly CPI Inflation Due Tomorrow

MEXICO
EM BulletMexicoBulletEmerging Market NewsNorth America
  • Bi-weekly CPI data for the first half of January are due tomorrow, with the market expecting the headline rate to fall further to 3.72% y/y, after dipping below 4% for the first time since early 2021 in H2-December. Core inflation is seen holding steady, with the annual rate unchanged at 3.69% y/y.
    • JP Morgan looks for services inflation to remain sticky, while core goods inflation gradually starts to firm. They look for the data to point toward a 0.4%m/m, sa increase in core goods prices. Part of this would just be processed food prices increasing alongside excise taxes, but they also look for non-food goods prices to rise similarly, reflecting firms factoring in a weaker currency into their cost assumptions. JPM see annual core inflation rising to 3.86% y/y.
    • Scotiabank notes that while headline inflation slowed about 0.5ppts from H2-Nov to H2-Dec, this was all thanks to non-core prices, in contrast to a small acceleration in core inflation, given core services inflation remains stubbornly close to 5%. As for the expected deceleration in headline inflation, fresh food will again help it lower in H1 Jan.
183 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Bi-weekly CPI data for the first half of January are due tomorrow, with the market expecting the headline rate to fall further to 3.72% y/y, after dipping below 4% for the first time since early 2021 in H2-December. Core inflation is seen holding steady, with the annual rate unchanged at 3.69% y/y.
    • JP Morgan looks for services inflation to remain sticky, while core goods inflation gradually starts to firm. They look for the data to point toward a 0.4%m/m, sa increase in core goods prices. Part of this would just be processed food prices increasing alongside excise taxes, but they also look for non-food goods prices to rise similarly, reflecting firms factoring in a weaker currency into their cost assumptions. JPM see annual core inflation rising to 3.86% y/y.
    • Scotiabank notes that while headline inflation slowed about 0.5ppts from H2-Nov to H2-Dec, this was all thanks to non-core prices, in contrast to a small acceleration in core inflation, given core services inflation remains stubbornly close to 5%. As for the expected deceleration in headline inflation, fresh food will again help it lower in H1 Jan.