Summary
- Mexico’s annual inflation surged to 5.57% in July, driven by rising fruit and vegetable prices.
- The National Consumer Price Index reported a 1.05% monthly rise, pushing annual inflation to its highest level in over a year.
- Analysts predicted a 5.54% annual inflation rate for July, closely aligned with the actual figure.
- Banxico may delay interest rate cuts until September due to global economic events and inflation pressures.
