Annual inflation rate in Mexico rose at its highest point in almost a year and a half

Annual inflation rate in Mexico rose at its highest point in almost a year and a half

By: James Ansher | Where To Trade | On:Thursday, 24 November 2016
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Annual inflation rate in Mexico rose at its highest point in almost a year and a half, supporting the idea that policymakers could raise interest again as soon as Peso has a downswing. 

The National Statistics Institute declared on Thursday that the inflation in November is 3.29%, the highest score since 2015, in March.

The rate had a rally from 3.09% in October to 3.15% in November. The Central Bank in Mexico has a target of inflation of 3%.

These results are the first one to be read since Donald Trump was elected in the U.S.A.

Donald Trump's victory made Pesto turn to record low, and influenced the Mexican Central Bank to raise their rates at a record high since 2009. The bank took the decision in order to stop the depreciation of peso.

Core Price Index's annual reading, rose up to 3.33% in November, the highest score since 2014, in November. The Core Price Index canceled some energy prices and volatile food, and made the results possible.

Same data usually reflect the higher good costs, and Peso is transporting on higher grounds the import prices. 

The Core Price Index rose by 0.23%.

 

 

James Ansher

James Ansher

When there is a will there is a trade

A successful Forex trader and expert advisor

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