LatinNews Daily - 08 April 2022

In brief: Mexico’s inflation continues to rise

* Mexico’s national statistics institute (Inegi) has released its latest figures on the national consumer price index (INPC) which show that monthly inflation rose 0.99% in March 2022, bringing the annual rate to 7.45%. This is up from 7.07% in January and 7.28% in February, as inflation remains well above the 3% +/- 1 target range that Mexico’s central bank (Banxico) set for 2022. In a statement, Inegi said that the prices of agriculture products had increased 1.23% on the previous month and the prices of energy and other tariffs authorised by the government had risen by 2.24%. In minutes recently released from a Banxico meeting, which took place on 24 March, members of Banxico’s board warn of the “high social costs” of rising food prices.

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