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Mexico CPI inflation 4.64% y-o-y in Aug-23

- Mexico's CPI inflation rate in August 2023 stood at 4.64% y-o-y, recording the lowest growth since February 2021 and lower than the one-year average by 2.17 percentage points.
- The significant deviation of 17.04 percentage points below the long-run average highlights the disparity between the current inflation level and the usual trend, emphasizing structural changes in the economy. Additionally, the higher core CPI inflation indicates ongoing inflationary pressures in essential goods and services.

Mexico PPI inflation 0.05% y-o-y in Aug-23

- Mexico's PPI inflation rate rose to 0.05% year-on-year in August 2023, marking the highest level of growth since May 2023.
- The current PPI inflation rate is 2.98 percentage points below the 1-year average and 4.69 percentage points below the long run average, suggesting relatively subdued inflationary pressures.

Mexico consumer confidence 46.65 in Aug-23

- Mexico's consumer confidence reached its highest level since March 2019 in August 2023, showcasing the optimistic sentiment among consumers.
- The consumer confidence index was not only 2.60 points above the one-year average but also 6.83 points above the long-run average, highlighting the strong positive outlook for the Mexican economy.

Mexico economic activity growth 4.04% y-o-y in Jun-23

- Mexico's economic activity grew by 4.04% year-on-year in June 2023, the highest growth rate recorded since January 2023.
- The growth exceeds the long run average by 2.00 percentage points, indicating a robust and above-normal economic expansion.