On the other hand, core inflation, considered a better parameter to measure the trajectory of prices because it eliminates high volatility products, registered a variation of 7.49%, below market expectations of 7.54%. Still, it was the highest figure since December 2000.
At the end of last month, Banco de México applied a historic increase of 75 basis points to the reference interest rate and warned that it would continue raising it, even by the same magnitude, if necessary.
The central bank, which began a cycle of hikes in the key rate since mid-2021, has an inflation target of 3% plus/minus one percentage point. Its next monetary policy meeting is scheduled for August 11.
In June alone, prices rose 0.84%, while the core index posted a rate of 0.77%, INEGI said. (Reporting by Noé Torres)
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
