Mexico | 1H August CPI forecast: annual inflation set to drop considerably

Summary

Core inflation still set to remain sticky to the downside during 3Q19.

Key points

• Key points:
• We expect annual headline to ease 0.25pp in the first half of August with core likely inching down only 0.02 pp in annual terms
• We expect increases of 0.10% and 0.15% HoH for headline and core inflation, translating into 3.47% and 3.81% YoY, respectively

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