MEXICO CITY, Aug 22, 2003 (Cronica/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Analyst predictions for the 15-day inflation figure from the first half of August range from 0.12% and 0.22%, keeping the index pace to meet the Bank of Mexico's 3.0% inflation for the year.
The central bank will release the results Saturday.
Later today, Banxico will announce National Consumer Price Index, which is predicted to climb as a result of strong sales in the back-to-school period.Accumulated interest in 1.39% through July, or 4.13% in annual terms.
In the latest central bank questionnaire, private analysts reduced their 2003 inflation forecast to 3.79% for 2003 and for the first time so far this year agreed that the index would finish the year within the 1 percentage point margin of error.Santander Serfin predicted that inflation for the first 15 days of August would be 0.18%, due to the beginning of the school year, although the analysts do not expect pressure on prices of agricultural goods.
Ixe, meanwhile, estimated that inflation would be 0.22% due to the rising prices of books, clothing and shoes.
Banamex predicted just 0.12% inflation.
This article has been translated by Internet Securities, Inc.as a service to its customers. Internet Securities, Inc. makes no representationor warranty regarding the accuracy or content of the translation.
URL: www.securities.com
Copyright 2003 Internet Securities, Inc., all rights reserved. A Euromoney Institutional Investor Company.
News Provided by COMTEX (http://www.comtexnews.com)
No comments:
Post a Comment