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Mexican inflation expected to tick up in early January: Reuters poll

The median forecast of 12 analysts polled was for inflation to tick up to 3.17% in early January from 3.08% in the second half of December, the lowest level since May.

In the first half of January, consumer prices were predicted to have risen 0.34% from the previous two-week period, the poll showed. The core price index, which strips out some volatile components, was seen climbing 0.16%.

Core annual inflation was expected to register a rate of 3.78%, the survey showed.

Mexico’s central bank targets an inflation rate of 3%, with a one percentage point tolerance limit above or below that.

The Mexican national statistics agency, INEGI, is due to publish the latest inflation data on Friday morning.


Source: Economy - investing.com

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