Mexican inflation rising rapidly, warns deputy governor
Heath says prices increasing at “really phenomenal” rate but expects full pandemic recovery by 2023
Mexico faces considerable inflationary pressure and possibly “inflationary inertia”, Jonathan Heath, a deputy governor and member of the Bank of Mexico board, said on October 13.
Speaking on a podcast produced by Mexican banking group Banorte, Heath said: “It’s easy to see that prices are increasing, and they’re being transferred to consumer prices at a pace that’s really phenomenal.”
He added that these price increases were “generalised” and thus harder to control. Heath estimated that
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