Mexico | Inflation 2021, how it affects and what can be done

Summary

As is known, Mexico is at a time of high inflation, the National Consumer Price Index (INPC) stood at 7.36% at the end of 2021 and hasn’t had that level since more than twenty years. How does this fact affect personal finances and financial decisions for 2022?

Key points

• Key points:
• For 2022, an inflation of 4.22% is expected, that is, during 2022 it will remain above Banxico's target of 3.0% +/- one percent.
• An Inflation at high levels is understood as an acceleration in the loss of purchasing power of money, where it is observed that the population's income does not adjust at the same speed or at the same level as other prices.
• Financial decisions must be adjusted mainly to maintain the purchasing power of money in savings, through investment and the use of available digital media.

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