Mexico, bad inflation data

CESCE, Country Risk

Inflation reached 5,82% year-on-year in April, practically double what the authorities had predicted.

Bad inflation data. La inflation Growth reached 5,82% year-on-year in April, practically double the figure forecast by the authorities, as a result of rising fuel prices and the weak peso. In recent years, domestic consumption has driven growth. Mexican economyHowever, for this exercise it Country Risk and Debt Management Directorate It expects a decline that, paradoxically, will not come from the slowdown in foreign trade that is feared to be generated by the renegotiation of NAFTAbut rather from the reduction in the purchasing power of Mexicans, due to inflation, increased taxes and the rate hike introduced to defend the peso.

The renegotiation of the trade agreement with the UEIn the face of protectionist threats from the administration Trump, the UE y Mexico They are intensifying negotiations to update the agreement signed in 2000. In 2016, trade between the UE and Mexico reached $61.000 billion, three times more than in 1999.

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