Searcher

Published on Friday, April 29, 2022

Mexico | Inflation is a problem. Controlling prices is not the solution

Inflation in Mexico during the first half of April reached a level of 7.7% while core inflation also registered a very high 7.2%. Both figures are the highest since January 2001.

Key points

  • Key points:
  • This is not an idiosyncratic phenomenon: we are seeing high inflation in most countries in the world.
  • Inflation in the United States hit 8.5% in March, its highest level since 1981, and the International Monetary Fund (IMF) forecasts global inflation to be 7.4% this year.
  • In the case of our country, the high inflation is not due to aggregate demand pressures, but to shocks from abroad, largely associated with the pandemic.
  • The high inflation is worrying above all because it affects more the population with lower incomes.

Documents to download

Geographies

Topics

Has this information been useful?

New comment

Be the first one to add a comment.

Load more

You may also be interested in