‘Inflation has not reached its maximum’, warns analyst, El Siglo de Torreón

Inflation has not yet reached its peak, so this year could close around 7.2 percent, said Gabriela Siller, director of economic analysis at Banco Base.

Although he considered that it could decrease as of January, he indicated that, in any case, it would remain above 6 percent during the first quarter of the year. He pointed out that inflation continues to surprise to the upside, making it very possible that the Bank of Mexico will raise its interest rate again. “I do not rule out an increase of 50 basis points,” he said.

The Inegi reported that in the first fortnight of November 2021 the National Consumer Price Index (INPC) registered a growth of 0.69 percent compared to the immediately previous fortnight. With this result, annual inflation was 7.05 percent. In the same period of 2020, the corresponding variations were 0.04 percent biweekly and 3.43 percent annually.

The underlying price index had an increase of 0.15 percent biweekly and 5.53 percent annually; for its part, the non-core price index rose 2.29 percent biweekly and 11.68 percent annually. Within the underlying price index, at a fortnightly rate, the prices of merchandise increased 0.07 percent and those of services, 0.25 percent.

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