He Mexico's Consumer Price Index (CPI) has fallen 0.1% in the first half of February, according to the National Institute of Statistics and Geography (INEGI). If confirmed, this would be the first drop seen in nine months, specifically since May 2023. In January, the monthly CPI grew by 0.49%. The 0.1% decrease is below market expectations, as an increase of 0.15% was expected.
With this result, the Annual general inflation stood at 4.45%, below the 4.88% seen in January. In the same fortnight of 2023, biweekly inflation was 0.30% and annual inflation was 7.76%.
The Core monthly inflation grew by 0.24% in the first two weeks of January, slightly below the 0.25% of the previous month and the 0.28% expected by consensus. The annual rate stood at 4.63% compared to the previous 4.76%.
Mexican peso reaction
The Mexican Peso has barely reacted to the data, with USD/MXN trading immediately after the release above 17.03, losing 0.06% on the day.
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.
