LatinNews Daily - 23 December 2022

* Mexico’s national statistics institute (Inegi) has released the latest figures for the consumer price index (INPC), which shows that prices rose 0.9% in the first two weeks of December as compared to the previous two weeks. This brings annual inflation to 7.77%, up from inflation of 7.46% in the last two weeks of November according to press reports. Core inflation, which leaves out certain volatile food and energy prices, rose 0.57%, bringing the annual rate to 8.35%. On 19 December, President Andrés Manuel López Obrador stated that his government’s anti-inflationary measures and planned 25% increase in pensions next year will help keep costs down in January. According to sources consulted by Bloomberg, the government is planning to renew its anti-inflation plan (Apecic), which aims to contain the costs of basic goods by reducing import barriers and official procedures for companies, in February.

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