Mexico Ranks Fifth Worldwide in Inflation

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Mexico now ranks in fifth place worldwide in terms of inflation, surpassed only by Argentina, Turkey, Brazil and Russia, in that order.

Mexico’s inflation rate is expected to top 8 percent by the end of 2021.

According to a Trading Economics report released this week, Argentina had the highest price increases this year, with a year-on-year rate of 52.1 percent in November, followed by Turkey, with an annual surge of 21.3 percent.

Brazil, meanwhile, saw a jump of 10.7 percent, placing it as the country with the third-highest price increase as of November.

Russia registered an annual increase of 8.4 percent, ranking fourth, just a cut above Mexico.

In the United States, Mexico’s main trading partner, year-on-year inflation was 6.8 percent, placing it in sixth place.

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