EconomyPrivate analysts expect more inflation in 2022

Private analysts expect more inflation in 2022

High inflation and governance problems are the main obstacles to economic growth in Mexico , according to a survey conducted by the Bank of Mexico (Banxico) to private analysts.

The survey carried out between September 22 and 28 indicates that general inflation will close the year at 8.44% from an estimated 8.13% last August.

Core inflation will close the year at 8.08% , according to analysts’ expectations. The estimates of the Bank of Mexico is that in the last quarter of the year, general inflation is 8.6%.

With these levels of inflation, it is estimated that the reference rate will reach 10.25% this year. The Bank of Mexico highlighted in its latest monetary policy decision that high interest rates at the global level would be prolonged in the face of world inflation that does not yield.

Inflationary pressures within the country are the biggest cause of concern for analysts as a brake on economic growth as well as public insecurity problems, according to the survey.

This Monday, the federal government presented a (PACIC), which was launched last May.

The new measures include the suspension of exports of some grains and aluminum used to package food. The regulation that prevents or makes food imports more expensive will also be eliminated.

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If it wants to be successful, the sales season of El Buen Fin 2022 must have very attractive offers and discounts to make Mexicans consume and beat inflation.

Get rid of inflation! Gentera achieves triple-digit profits

Despite the good dynamism of its portfolio, the institution will show caution in 2023 due to the "January slope" and the possible defaults of its clients.

Arca Continental enters the distribution of Don Julio tequila

The Coca-Cola bottler will now test distillate distribution, while reinforcing Topo Chico's presence in the ready-to-drink category.

Inflation in Mexico picks up 8.5% in the first half of October

The rise in prices more than doubles Banxico's goal and indicates that the entity will continue to make credit more expensive at its next monetary policy meeting.

Inflation does not spare even beer; has its biggest rise in 12 years

The chela registered an increase of 11.2% during September of this year, the highest variation in 151 months; the most expensive 355-milliliter bottle was found in Cuernavaca Morelos.