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Mexico's headline and core inflation rates are expected to fall below 4% in January, as mentioned by deputy central bank governor Jonathan Heath in an interview with the Excelsior newspaper on Monday. Heath emphasized that there is no need for the bank to adopt an overly restrictive stance.

Concerns about potential price increases have emerged due to the incoming U.S. president, Donald Trump, signaling possible tariffs on Mexican exports and widespread deportations, both of which could fuel inflation.

Heath, a member of the central bank's policy-setting board, expressed his goal of reducing Latin America's inflation rate to the bank's target of 3%. In December, Mexico reported a headline inflation rate of 4.21%, with the core rate slightly increasing to 3.65%.

This slowdown in inflation was seen as positive news, marking the lowest rate since October 2023.