Mexico | August CPI forecast:annual headline inflation set to fall to 3.16%, core to 3.74%

Summary

Core inflation to ease slightly but unlikely to fall notably in annual terms until 4Q.

Key points

• Key points:
• We expect a -0.02% MoM headline inflation print in August (3.16% YoY), with core at 0.17% MoM (3.74% YoY)
• We revise down our year-end 3.4% below-consensus headline inflation forecast to 2.9%. We keep unchanged our 3.3% year-end core inflation forecast

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