Puerto Vallarta News

Puerto Vallarta News

Mexico closes 2022 with the highest inflation rate in 22 years

The Mexican economy registered an annual inflation rate of 7.82 percent in December, data that meant its highest year-end closing since 2000, according to Inegi.

Throughout 2022, the finances of Mexicans suffered from the increase in the cost of goods and services, which linked two year-ends outside the target range of the Bank of Mexico (Banxico), which is 3 percent +/- one percentage point.

Although it was its highest closing of the year since 2000, the data was below the 7.88 percent estimated by analysts consulted by Citibanamex in its most recent . . .

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