Investor Presentaiton

Headline ― Core Headline and core inflation expectations for the end of 2022 and 2023 increased between March and July 2022. Medium- and long-term expectations were revised upwards to a lesser degree. Median of Headline and Core Inflation at the End of 2022 and 2023 % Median of Medium- and Long-term Inflation Expectations % 8.5 Headline 8.0 Core 7.5 7.0 Inflation 6.5 expectations 2022 6.0 5.5 5.0 Inflation expectations 2023 4.5 4.0 3.5 July 3.0 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 - Mar-22 May-22 Source: Banco de México's Survey of Private Sector Forecasters. BANCO MÉXICO Jul-22 Quarterly Report April-June 2022 2016 2017 2018 Variability interval (upper bound) 4.0 Next 4 years 3.5 2019 Source: Banco de México's Survey of Private Sector Forecasters. 2020 Next 5-8 years Inflation target 2021 2022 20 20 July 2.5 3.0 4.5 5.0

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