Stocks

POLL-Mexico's inflation seen slowing to lowest since end 2016

Credit: REUTERS/HENRY ROMERO

Mexico's annual inflation is forecast to have slowed in the first half of August to its lowest level since the end of 2016, primarily due to lower prices for energy and agricultural products, a Reuters survey showed on Monday.

MEXICO CITY, Aug 19 (Reuters) - Mexico's annual inflation is forecast to have slowed in the first half of August to its lowest level since the end of 2016, primarily due to lower prices for energy and agricultural products, a Reuters survey showed on Monday.

Annual inflation MXCPHI=ECI is seen at 3.59% for the first two weeks of August, according to the median forecast of 10 analysts.

That would be the lowest inflation reading since the 3.24% registered in the second half of December 2016, and compares with 3.72% during the second half of July.

For core inflation MXCPIC=ECI, which strips out some volatile food and energy prices, analysts expect an annual rate of 3.81%.

During the first two weeks of August, consumer prices would have risen by 0.20%, while the core index would have risen by 0.16%, according to the poll. MXCPIF=ECI, MXCPIH=ECI

Mexico's statistics institute will publish inflation data for the first half of August on Thursday.

(Reporting by Miguel Angel Gutierrez; writing by Anthony Esposito; editing by Jonathan Oatis)

((anthony.esposito@tr.com; +5255 5282 7140; Reuters Messaging: anthony.esposito.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

US Markets

Latest Stocks Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More