The Worst of Mexico's Inflation and Growth Struggles May Be Over
- Annual inflation rate fell in early July by most since January
- IMF growth forecast, S&P’s better outlook add to positive news
Pedestrians pass in front of stores on Francisco I. Madero Avenue in Mexico City, Mexico, on June 26, 2017.
Photographer: Cesar Rodriguez/BloombergThis article is for subscribers only.
After months of investor concern that slammed everything from Mexico’s currency to its inflation outlook, the nation’s economy is riding a good streak.
A report on Monday showed the annual inflation rate fell in early July by the most since January, suggesting that the pace of consumer price increases may finally be stabilizing after a year of acceleration. Another key indicator published the same day showed growth was more than analysts expected in May, and the International Monetary Fund increased the nation’s 2017 growth forecast days after Christine Lagarde’s top deputy praised the economy’s resilience.