Published on Friday, July 22, 2022

Mexico | Inflation: very high levels, but some good signs

Inflation remains very high globally. In our country it rose to 8% in June while in the United States it was 9.1%, something not seen in four decades and a shocking level in a country that had spent more than a decade with inflation below its central bank's 2% target.

Key points

  • Key points:
  • In the particular case of the United States, inflation is also explained by demand pressures derived from the series of fiscal stimuli that fueled spending.
  • In fact, half of the inflation in the United States is explained by increases in energy and food.
  • In the case of Mexico, as it is a very open economy, inflation is explained almost entirely by external factors.
  • In any case, the levels of inflation are worrying, particularly in food, since it is the families with the lowest incomes that dedicate a greater percentage of their income to purchasing them.

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