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LatinNews Regional Monitor: Mexico - 28 July 2017

TRACKING TRENDS

MEXICO | Inflation begins to ease. On 25 July Mexico’s national statistics institute (Inegi) released new figures which show that over the first two weeks of July the annual general inflation rate slowed down from the preceding month’s rate of 6.33% to 6.28%. The fall in the general inflation rate in the first half of July comes after five consecutive months of rising inflation, which is well above the official 3% target set by the central bank (Banxico). This suggests that inflationary pressures may finally be abating in Mexico and could lead Banxico to reverse its current policy of increasing interest rates as part of a bid to contain inflation.

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