Mexico’s Annual Inflation Soars to 5.57% in July

In July 2024, Mexico’s annual inflation surged to 5.57%, driven by rising fruit and vegetable prices. This rise precedes the Banco de México’s (Banxico) upcoming interest rate decision. The National Institute of Statistics and Geography (INEGI) reported a 1.05% monthly rise in the National Consumer Price Index (INPC). This pushed annual inflation to 5.57%. This […]