Mexican central banker: high inflation is not leaving anytime soon

Mexican central banker: high inflation is not leaving anytime soon

© Reuters. A man sells corn grains at a public market in Ozumba de Alzate, State of Mexico, Mexico, May 24, 2022. REUTERS/Edgard Garrido

MEXICO CITY (Reuters) – Mexico will likely see consumer price spikes for “a while” and food inflation is a growing concern, the deputy governor of the country´s central bank, Jonathan Heath, said on Tuesday.

Earlier on Tuesday, the statistics agency of Latin America’s second-largest economy reported annual headline inflation of 7.58% in early May, compared with 7.65% for the last two weeks of April.

Heath said on Twitter (NYSE:) that general inflation was still very high and that numbers for all of May could end up exceeding numbers for April.

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