Mexico Inflation to Dip Below 4% in January
MEXICO CITY (Reuters) - Mexico's headline and core inflation rates are likely to fall below 4% in January, according to Deputy Central Bank Governor Jonathan Heath.
In an interview with newspaper Excelsior, Heath stated that the central bank does not intend to adopt an overly restrictive stance. His forecast aligns with concerns about potential price pressures arising from the incoming Trump administration's proposed tariffs on Mexican exports and mass deportations.
Heath, a member of the central bank's policy-setting board, emphasized his goal of reducing inflation to the bank's target of 3%. In December, Mexico's headline inflation rate dropped to 4.21%, while the core rate rose slightly to 3.65%.
At the time, Heath hailed the trend as "positive news," with inflation reaching its lowest rate since October 2023.