Inflation will not return to its 3% target even in 2023

During 2021 it was evidenced that the trend of inflationary acceleration in Mexico it is not temporary, so the Bank of Mexico it continues to use monetary policy to contain it.

According to the most recent 2021 survey conducted by Banxico (Bank of Mexico), the inflation will close 2021 with 7.63%, for the close of 2022 a rate of 4.36% is expected and for 2022 a level of 3.72 percent.

These projections reflect that, although the National consumer price index (INPC) will manage to yield, it will not be enough to reach the objective of an inflation of 3 percent.

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