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LatinNews Daily - 10 July 2020
In brief: Inflation picks up in Mexico
* 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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