Mexico inflation falls to 3.12
The annual inflation rate in Mexico decreased to 3.12% in July, marking its lowest level since May 2020. This follows an increase to 3.37% in June. The decline occurred for the third consecutive month, with the national consumer price index falling by 0.03% month-on-month. Although inflation remains above the Central Bank of Mexico’s target of 3%, it remains within the one-percentage-point tolerance band.
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