*Mexico’s national statistics institute (Inegi) has released consumer price index figures for the first half of March, which shows inflation increasing by 0.27% as compared to the previous two-week period. With this result, annual inflation stands at 4.48%. According to the report from Inegi, at this time in 2023, the two-week inflation rate was 0.15%, and the annual rate was considerably higher at 7.12%. The core price index, which discounts volatile items in its calculation, increased by 0.33% fortnight-to-fortnight, resulting in an annual rate of 4.69%. The latest inflation figures come as Mexico’s central bank (Banxico) recently cut its benchmark interest rate by 25 basis points to 11%.
- VENEZUELA: Opposition PUD names new candidate, replacing Machado
- In brief: Colombia lowers interest rates
- BRAZIL: Suspected masterminds of Marielle Franco murder detained
- In brief: Brazil’s gov’t blocks spending to meet fiscal target
- PANAMA: Gov’t highlights surge in Darién crossings
- In brief: Nicaragua claims strong growth
- MEXICO: Mass kidnapping in Culiacán highlights violence concerns
- In brief: Mexico’s inflation ticks up
- ARGENTINA: Milei courts controversy over dictatorship
- In brief: Taiwan authorises tariff exemptions for Paraguayan pork
- US slaps arms restrictions on Nicaragua