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MEXICO: August Inflation Data Awaited

MEXICO
  • Inflation in August is expected to have slowed to 5.06% y/y, according to economists surveyed by Bloomberg, down from 5.16% in the mid-August reading. Core CPI is expected to remain within the central bank’s target range at 4.00%, a slight uptick from 3.98% in the most recent bi-weekly release. The national statistics agency releases the data at 1300BST/0800ET:
    • Aug. CPI M/m, est. 0.07%, prior 1.05%
    • Aug. CPI Y/y, est. 5.06%, prior 5.57%
    • Aug. CPI Core M/m, est. 0.23%, prior 0.32%
    • Aug. CPI Core Y/y, est. 4.00%, prior 4.05%
  • Separately, August consumer confidence data will also be released, and nominal wage figures may cross. Foreign Affairs Minister Alicia Barcena will speak at a conference hosted by the Development Bank of Latin America and the Caribbean, known as CAF.

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