Mexico | 1H Sep CPI forecast: annual headline inflation likely stayed stable close to 3.0%

Summary

We expect a 0.26% HoH headline inflation print in the first half of September (3.07% YoY), with core at 0.19% MoM (3.77% YoY).

Key points

• Key points:
• If our fortnightly forecasts prove correct we would have a downward bias to our well-below year-end 2.9% inflation forecast (consensus:3.2%)
• We expect a relatively mild increase of energy prices that is likely to moderate in the monthly print since gasoline prices increased at a faster pace in the first half of the month

Geographies

Topics

Tags