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Bi-Weekly CPI & Retail Sales Data Due At Top of The Hour

MEXICO
  • Waning supply shocks and base effects suggest inflation extended its downtrend in the first two weeks in March. Central bank forecasts anticipate price gains slowing this year and falling in line with the target by the end of 2024. A lower core figure should cement the expectation for a smaller rate hike at the March monetary policy meeting next week.
    • March Bi-Weekly CPI, est. 0.26%, prior 0.16%
    • March Bi-Weekly CPI Y/y, est. 7.24%, prior 7.48%
    • March Bi- Weekly Core CPI, est. 0.30%, prior 0.16%
    • March Bi-Weekly Core CPI Y/y, est. 8.15%, prior 8.21%
    • Jan. Retail Sales M/m, est. 0.8%, prior 0.1%
    • Jan. Retail Sales Y/y, est. 3.2%, prior 2.5%

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