Inflation gives Mexicans a break and stands at 7.76%

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General inflation in the Mexican economy grew 0.30% in the first fortnight of February and stood at 7.76% annually, the National Institute of Statistics and Geography (INEGI) reported Thursday.

“In the first fortnight of February 2023, the National Consumer Price Index rose 0.30% concerning the previous fortnight. With this result, annual headline inflation stood at 7.76%,” the report indicates.

In the same period of 2022, biweekly inflation was 0.42%, and annual inflation was 7.22%.

Consumer prices reached their highest levels in two decades in 2022, which prompted Mexico’s central bank to raise interest . . .

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