Investor Presentaiton
In this complex environment, inflation has continued facing unexpected shocks, attaining levels
above those previously estimated. In this juncture, following the previous Quarterly Report, the
inflation forecast was revised upwards in the Monetary Policy Statements of June 23 and August 11.
Headline Inflation Forecasts
Core Inflation Forecasts
Observed
inflation
QR January-March
2022
Annual % change
Monetary policy decision
August 2022
Monetary policy
decision June 2022
Observed
inflation
8
9
5
4
3
Annual % change
6
Monetary policy decision
August 2022
8
QR January-March
2022
QR October-December
2021
Monetary policy
decision June 2022
7
6
50
4
3
2021
2
2
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q1
Q2 Q3
Q4
Q1
Q2
Q3
Q4 Q1 Q2
2022
2023
2024
2022
2023
2024
QR October-December
Note: Observed inflation refers to the average of the quarter.
Source: Banco de México and INEGI.
BANCO MÉXICO
Note: Observed inflation refers to the average of the quarter.
Source: Banco de México and INEGI.
Quarterly Report April-June 2022
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