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    /research/markets and sectors

    Mexican central banker: high inflation is not leaving anytime soon

    • print Print |
    • A
    • A
    • A
    • BY Reuters|
    • Latin America , Mexico |
    • 10:07 PM ET 05/24/2022

    MEXICO CITY (Reuters) - Mexico will likely see consumer price spikes for "a while" and food inflation is a growing concern, the deputy governor of the country´s central bank, Jonathan Heath, said on Tuesday.

    Earlier on Tuesday, the statistics agency of Latin America's second-largest economy reported annual headline inflation of 7.58% in early May, compared with 7.65% for the last two weeks of April.

    Heath said on Twitter that general inflation was still very high and that numbers for all of May could end up exceeding numbers for April.

    (Reporting by Carolina Pulice; Editing by Anthony Esposito)

    Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

    More Latin America News

    • Mexico central banker says high inflation to be around for a while
      • BY Reuters|
      • Latin America , Mexico |
      • 09:12 PM ET 05/24/2022
    • Mexico inflation eases slightly, central bank still seen hiking rates
      • BY Reuters|
      • Latin America , Mexico |
      • 09:33 AM ET 05/24/2022
    • Brazil consumer prices rise more than expected in month to mid-May
      • BY Reuters|
      • Latin America , Brazil |
      • 08:39 AM ET 05/24/2022
    View more Latin America News

    News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

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