Mexico: Inflation expected to continue to see near-term acceleration - TDS

Analysts at TD Securities suggest that Mexican July inflation is expected to continue to see near-term acceleration thanks to higher than expected non-core inflation prints.

Key Quotes

“While core remains restrained, Banxico should continue to take the near-term re-acceleration in the Y/Y rate in stride, particularly given that the substantial appreciation in the peso should help to anchor inflation expectations.”