Mexico Inflation Rate YoY
Nonfood Goods (19.7% of total weight) are the most significant category in Mexico's CPI basket, followed by Housing (18.7%) and Other Services (18.4%). 14.8% of the total is composed of food, beverages, and tobacco, while 9.5% is composed of energy. Additionally, government-subsidized products (5.3%), education (5.1%), meat and eggs (4.8%), and fruits and vegetables (3.7%). As of December 2010, the CPI index has a 100-point basis. The index covers 46 large, medium, and small national cities.
A higher than expected figure should be seen as positive (bullish) for the MXN while a lower than expected figure should be seen as negative (bearish) for the MXN.
Forex Sentiment (MXN)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| USDMXN |
|
|
16.9557 -16 pips |
18.6856 -17283 pips |
16.9573 | |
| EURMXN |
|
|
17.9887 -2703 pips |
19.4174 -11584 pips |
18.2590 | |
| GBPMXN |
|
|
20.9968 -2807 pips |
0 +212775 pips |
21.2775 |
News (MXN)
Mexico GDP Growth Slows To 3.5% Amid Tertiary Sector Slowdown
Mexican economic growth moderated in the fourth quarter after accelerating in the previous two quarters, largely led by a deceleration in the growth of the tertiary sector, preliminary data from the National Institute of Statistics and Geography, or INEGI, showed on Tuesday. Gross domestic product advanced an unadjusted 3.5 percent year-over-year in the December quarter.
RTTNews | 458 days ago
