The Imacec index, a proxy for gross domestic product, fell 0.5% in August from July, compared to the median estimate for a 0.2% gain from analysts in a Bloomberg survey
The advance in the CPI was supported by higher costs for rent, motor-vehicle insurance and air travel. New-car prices rose for the first time in five months
The five-member board of Banco de Mexico emphasized it will remain cautious before considering lowering rates from 11.25% given the inflationary outlook
Government data released Friday showed consumer prices rose 4.24% in mid-August from a year earlier, more than the 4.12% median estimate from analysts surveyed by Bloomberg
In a warning to presidential candidate Javier Milei, Mark Sobel says dollarization would be “too risky” and that resolving the country’s economic woes would require a lot of work
Mexico, Chile and Peru are seeing prices drop, while year-on-year inflation in Brazil and Argentina has increased, but Costa Rica has the world’s second-sharpest deflation after Afghanistan
The Economy Ministry has imposed a 5% increase in prices for the next three months following a 22% devaluation of the peso that will likely lead to inflation over the coming months
Independent monetary policies brought a dual effectiveness in the fight against inflation, with both tightening and the competitive appreciation of local currencies, according to Moody’s
The country’s first left-wing government has reached its first anniversary with a stronger-than-expected performance in GDP, double-digit inflation, and declining unemployment. However, debt levels remain high
