* Mexico’s national statistics institute (Inegi) has released the latest inflation figures, which show that monthly inflation in June was 0.55%, bringing the annual inflation rate to 3.33%. In June 2019, monthly inflation was 0.06%, while the annual rate was 3.95%. Last month, Mexico’s central bank (Banxico) issued a report noting that the balance of risks for inflation remains uncertain, with the general inflation rate increasing from 2.15% to 3.17% between April and the first half of June. According to the statement, “
expectations for headline inflation for the medium and long term have remained relatively stable, but at levels above the 3% target”.
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