Mexico headline inflation seen staying high in early April, reports Reuters

SOURCE: Reuters

MEXICO CITY – Mexican inflation likely slowed very slightly during the first half of April, but remained well above the central bank’s target, a Reuters poll showed on Wednesday, reinforcing bets the monetary authority will continue raising interest rates.

The median forecast of 10 analysts surveyed was for inflation to reach 7.60%, marginally down from 7.62% in the second half of March. (MXCPHI=ECI)

Core inflation, which strips out some volatile food and energy items, was seen climbing to 7.06%, its highest level since January 2001. (MXCPIC=ECI)

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