LatinNews Daily - 25 April 2022

In brief: Inflation ticks up again in Mexico

* Mexico’s national statistics institute (Inegi) has released its latest figures on the national consumer price index (INPC) which show that inflation in the first two weeks of April rose 0.16% as compared to the previous two weeks. This brings annual inflation to 7.72%, up from 7.45% at the end of March. In a statement, Inegi said that the prices of agricultural products had increased 0.65%, whereas those of energy and government-authorised tariffs had decreased 1.7% at a biweekly rate. Victoria Rodríguez Ceja, the governor of Mexico’s central bank (Banxico), recently warned that the inflationary environment in Mexico remains complex due to the ongoing impact of the coronavirus (Covid-19) pandemic and the conflict in Ukraine. Banxico does not expect inflation to meet the target rate of 3% until early 2024.

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