Investor Presentaiton
Inflation Outlook
Forecasts for Annual Headline and Core Inflation 1/
%
Headline Inflation
The inflation trajectory presented in
the Monetary Policy Statement of
August is maintained.
Following the increase in Q3-2022,
both headline and core inflation are
expected to decrease throughout
the forecast horizon, and to attain
levels close to 3% in Q1-2024.
Core Inflation
Observed
Forecast
BANCO MÉXICO
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
Headline
Core
7.3 7.8 8.5 8.1 7.1 5.0 3.7 3.2 3.1 3.1
6.5 7.3 7.9 7.6 6.5 5.1 3.8 3.2 3.1 3.0
1.0
0.0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2021
2022
2023
2024
1/Quarterly average of annual inflation. Forecast since August 2022. It also corresponds to the forecast
published in the Monetary Policy Statement of August 11, 2022. Source: Banco de México and INEGI.
Quarterly Report April - June 2022
25
25View entire presentation