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World

Mexico's inflation seen slowing to lowest since October 2016

MEXICO CITY: Mexico's annual inflation is forecast to have slowed to the lowest level in nearly three years, primarily b

September 06, 2019

MEXICO CITY: Mexico's annual inflation is forecast to have slowed to the lowest level in nearly three years, primarily because of lower prices for some energy and agriculture products, a Reuters survey showed on Friday.

Annual inflation is seen at 3.20pc for August, according to a median forecast of 12 banks, brokerages and analysts. That would compare to annual inflation of 3.78pc in July.

If August forecast is right, it would mark the lowest level since the 3.06pc inflation rate registered in October 2016.

Monthly inflation in August would have risen 0.02pc, the survey showed, while the forecast for core inflation would be 0.19pc higher.

The average forecast for annual core inflation, which strips out some volatile food and energy prices, is 3.77pc.

Mexico's statistics institute will publish inflation data for August on Monday.