Latam Daily | Downside surprise in inflation in Mexico leads us to lower our forecast
Published on Wednesday, June 10, 2015
Latam Daily | Downside surprise in inflation in Mexico leads us to lower our forecast
Summary
Headline inflation declined to 2.9% in May, an all-time low, and we believe it should remain below 3% for the rest of this year. Meanwhile, core inflation was 0.12% MoM, below our estimate (0.14%) mainly driven by a decrease in the core other goods. We lower our year-end headline inflation forecast to 2.65% from 2.75%.
Geographies
- Geography Tags
- Latin America
- Mexico
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Cecilia Posadas
BBVA Research - Principal Economist
Enestor Dos Santos
BBVA Research - Principal Economist
Jorge Selaive
Juana Téllez
BBVA Research - Chief Economist
Carlos Serrano
BBVA Research - Chief Economist
Hugo Perea
BBVA Research - Chief Economist
Alejandro Faci