He Consumer Price Index (CPI) of Mexico was moderated to 3.59% in the January annual reading After being 4.21% in December, as published by the National Institute of Statistics and Geography (INEGI). This is the lower rate recorded by the indicator in four years, specifically since January 2021. The data slightly improves market expectations, which expected 3.61%.
He Monthly IPC has grown 0.29% in Januarybelow 0.38% of the previous month and 0.31% estimated by consensus.
On the other hand, the underlying inflationwhich does not include fresh food and energy, has risen a per month (0.51% previous and 0.45% planned. At the interannual level, the underlying IPC is located at 3.66% after showing 3.65% in December.
Mexican weight reaction
The Mexican peso has lost some pips against the US dollar after the publication. At the time of writing, the USD/MXN is quoted over 20.50, winning 0.22% daily.
Economic indicator
12 months inflation
The inflation indicator published by the Bank of Mexico Capture price movements during the last 12 months. Generally, an elevated reading is bullish to stop the Mexican weight, while a lower reading is bassist.
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Last publication: old Feb 07, 2025 12:00
Frequency: Monthly
Current: 3.59%
Dear: 3.61%
Previous: 4.21%
Fountain: National Institute of Statistics and Geography of Mexico
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
