Publications

National inflation in August was 1.9% month-on-month, remaining at the same level as the previous month despite the full impact of exchange rate and interest rate movements at the end of July. This was slightly below analysts' expectations.

The Big Data Private Consumption Index recorded a YoY increase of 7,2% in August, reflecting a significant acceleration compared to the more moderate growth observed in the previous two months (2.3% y/y in July and 3.0% y/y in June).

The BBVA Research Big Data Consumption Indicator reported a (-)1.3% MoM drop in July, due to the slowdown in the goods segment (-2.3% MoM) and the stagnation of the services component (0.1% MoM).

The Big Data Private Consumption Index moderated its growth once again in July (2.3% y/y compared to 3.0% y/y in June and 15.6% y/y in May).

The BBVA Research Big Data Consumption Indicator recorded a 0.1% month-on-month increase in June, amid a (-)2.0% MoM decline in the services sector

Colombia's annual inflation for June 2025 stood at 4.8%, with a monthly variation of 0.10%, lower than the 0.19% expected by analysts. This marks the first time it has been below 5.0% since October 2021. The moderation was explained by the food and regulated items baskets.

Argentina’s economy kept recovering in Q2 2025, driven by fiscal order, a re-monetization strategy, and a flexible exchange rate scheme. The outlook is still shaped by the electoral context and the challenge of ensuring lasting stability in a volatile global environment.

Mexican MSMEs have advanced in financial inclusion, but gaps in credit access and digitalization remain. Micro and women-led businesses face greater barriers. Strategic support is essential to fully integrate them into economic development.