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Top related persons:
Edgard Garrido - 1 Andres Manuel Lopez Obrador - 1 Banxico - 1 Lopez Obrador - 1 Peter Frontini - 1 Raul Cortes Fernandez - 1 Brendan O'Boyle - 1 Natalia Siniawski - 1
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Ozumba de Alzate State Mexico Bank of Mexico
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☆ Mexico inflation continues slowdown in early September
  + stars: | 2023-09-22 | by ( ) www.reuters.com   time to read: +2 min
A man sells corn grains at a public market in Ozumba de Alzate, State of Mexico, Mexico, May 24, 2022. Headline inflation in Latin America's second-largest economy hit 4.44% in the 12 months through early September, down from 4.64% at the end of August, data from statistics agency INEGI showed. If not, we're talking about the Bank of Mexico standing on just one foot," the president told a press conference. It warned that it would be necessary to maintain it for an "extended" period to meet its inflation target of 3%, plus or minus one percentage point. Mexico's economy grew 0.2% in July from June and expanded 3.2% from the same month a year before, the national statistics agency said earlier on Friday.
Persons: Edgard Garrido, Andres Manuel Lopez Obrador, Banxico, Lopez Obrador, Peter Frontini, Raul Cortes Fernandez, Brendan O'Boyle, Natalia Siniawski, Alistair Bell Organizations: REUTERS, Reuters, Bank of, Thomson Locations: Ozumba de Alzate, State, Mexico, Bank of Mexico
☆ Mexico's Q3 economic activity points to 2.4% annual growth -finance ministry
  + stars: | 2022-10-28 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Edgard GarridoMEXICO CITY, Oct 28 (Reuters) - Mexico's economic activity indicators in the third quarter point to economic growth in line with forecasts of 2.4% annual growth in 2022, the country's finance ministry said on Friday. The ministry said dynamic economic activity and a strong labor market led to "positive results" in tax collection, putting it on track to meet year-end estimates. It also said economic activity was propelled by gross fixed investment, especially in national machinery and equipment and residential construction. Refinancing strategies have managed to refinance an accumulated $78 billion, or 14% of Mexico's total debt, according to the ministry. Mexico's financial system also remained "well capitalized" and its credit market continued to show signs of recovery, the ministry said.
☆ Mexican headline inflation slows in early October, core index still a concern
  + stars: | 2022-10-24 | by ( ) www.reuters.com   time to read: +3 min
An employee prepares dough to make tortillas at a tortilla stall in Ozumba de Alzate, State of Mexico, Mexico, May 24, 2022. Headline annual inflation in Latin America's second-largest economy inched down to 8.53% from 8.64% in the second half of September, also undershooting the consensus forecast of a Reuters poll for a rate of 8.63%. Compared with the previous two-week period, Mexican consumer prices rose by 0.44% in early October, the data showed. The core price index, which strips out some volatile food and energy prices, climbed 0.42% in early October, slightly above market expectations for 0.35%. Annual core inflation was 8.39%, above forecasts for 8.31%.
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