Mexico’s Core Inflation slowed to 4.13%

Mexico’s Inflation Jumps and Clouds Banxico’s Rate Cut Path

Core inflation slowed to 4.13%, headline figure hit 4.98%

Banxico’s August decision could hinge on the inflation trajectory.

Mexico’s inflation accelerated more than expected in June, complicating the central bank’s efforts to cut interest rates that remain near an all-time high.

Consumer prices rose 4.98% from a year earlier, above the 4.87% median estimate of analysts in a Bloomberg survey. Core inflation, a metric that strips out volatile components and that the Mexican central bank watches closely, slowed to 4.13%, slightly below the 4.14% median estimate…

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