By THE PULSE NEWS MEXICO STAFF Mexico’s Central Bank (Banxico) warned Thursday, Sept. 28, that the country will suffer higher inflation in the months ahead, raising its forecast for the close the year to 6.2 percent, up from its previous prediction of 5.7 percent. That new figure will constitute the highest level of Mexican inflation since December 2017, when it
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By THE PULSE NEWS MEXICO STAFF Mexico’s National Consumer Price Index (INPC) soared to 5.87 percent in the first half of September, its highest level since the first half of June, the National Institute of Statistics and Geography (Inegi) reported on Thursday, Sept. 23 The index registered its highest level since the first half of the sixth month of this
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By KELIN DILLON On the afternoon of Wednesday, Sept. 8, Mexican Secretary of Finance and Public Credit (SHCP) Rogelio Ramírez de la O presented Mexico’s 2022 budget plan to the Chamber of Deputies under the administration of President Andrés Manuel López Obrador (AMLO), featuring no increase in taxes, increased spending in the health sector, and historical levels of public investment.
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Inflation
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By THE PULSE NEWS MEXICO STAFF Mexico’s Energy Secretariat (Sener) on Tuesday, July 27, ordered the country’s Energy Regulatory Commission (CRE) to put an emergency maximum ceiling on natural gas prices in the face of soaring consumer costs. Sener gave the CRE just three days to establish a new pricing system that would guarantee affordable access for all consumers. In
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By THE PULSE NEWS MEXICO STAFF Despite efforts by Mexico’s Central Bank (Banxico) last month to rein in inflation through a hike in interest rates, the average price of regular unleaded gasoline hit 24 pesos per liter on Monday, July 12, its highest cost ever, according to the country’s Energy Regulatory Commission (CRE), which is in charge of monitoring fuel
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By THE PULSE NEWS MEXICO STAFF Despite an unanticipated .25 percent hike in interest rates by the Central Bank of Mexico on June 24, inflation in Mexico continued to rise in June, hitting an annual rate of 5.88 percent, the National Institute of Statistics and Geography (Inegi) reported Wednesday, July 7. The Inegi said that the spike in consumer prices
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By THE PULSE NEWS MEXICO STAFF Former Mexican President Vicente Fox Quesada — a longtime critic of and target of insults from current President Andrés Manuel López Obrador (AMLO) — issued a tweet on Saturday, July 2, directed not at López Obrador, but rather to his followers, warning them to wake up and smell the coffee. “In the face of
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By THE PULSE NEWS MEXICO STAFF After Mexico’s Central Bank (Banxico) shocked financial markets with a surprise .25 interest rate hike on Thursday, June 24, analysts are now predicting that the bank will issue additional increases this year to combat surging inflation, which reached more than 6 percent in May.Banxico raised its key rate to 4.25 percent in a split
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By THE PULSE NEWS MEXICO STAFF For the third month in a row, Mexico’s inflation rate in May broke the maximum target set by the country’s Central Bank (Banxico), the National Institute of Statistics and Geography (Inegi) reported Wednesday, June 9. In the fifth month of 2021, Mexico’s National Consumer Price Index (INPC) registered a level of 5.89 percent at
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