Mexico ended 2021 with an annualized inflation rate of 7.36%, the highest in 20 years
Inflation in December continued at about the same rate as in November, and was led by freshThe institute said inflation was last that high in 2001.
Mexico’s central bank faces pressure to increase interest rates, without constraining economic growth. The country’s interbank interest rate is around 5.50%, and the target inflation rate of 3% seems a very distant goal.
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