ForexInfoCenter

Inflationary pressures persist

Posted by BBVA Bancomer in July 17th 2008  
• Headline consumer prices rose 5% on a year-to-year basis, the fastest rate of increase since May 1991  • Core inflation unexpectedly rose to 0.3% mom, offsetting positive readings in the previous months  • Economic slack and the absence of a wage spiral will help contain inflationary pressures from energy and food prices  • We maintain our forecast of a pause in monetary policy Pressures to headline inflation intensified Headline CPI rose 1.1% in June from 0.6% in May, the Read More...

Filed under: Fundamental