Bx+ predicts that Mexico’s inflation will peak in August – El Sol de México

The inflation In general, the country will have a last peak in August of this year, since it is expected to reach a level of up to 8.30 percent, assured Alejandro Saldaña, chief economist of Grupo Financiero Go for More.

According to the specialist, it will be until 2024 when the inflation will return to the target range of the Bank of Mexico (Banxico), which ranges from two to four percent, since certain impacts on distribution chains are still expected.

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“For the inflation we estimate a peak in August of this year, possibly around 8.25 or 8.30 percent at an annual rate. Subsequently, it should begin to decline to the extent that the bottlenecks in production are solved and this stops affecting the supply of goods and services,” Saldaña assured at a press conference.

During the first fortnight of July, a inflation annual general of 8.16 percent, due to the increase in costs in fruits, vegetables and some energy sources, according to data from the National Institute of Statistics and Geography (Inegi).

Yesterday, the secretary of Tax authoritiesRogelio Ramírez de la O, assured that the inflation reached this level thanks to the Package Against Inflation and famine (PACIC), since without said indicator it would have been 10.76 percent.

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For the end of the year, according to private specialists consulted by Banxicoit is expected that the inflation it will be 7.8 percent. “If internal and external demand start to weaken, it can also be a factor that makes the inflation begin to fall more clearly in the fourth quarter of this 2022, although it would still remain quite high”, the chief economist of Go for More.

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