Overview
- New Citi survey of 35 financial groups pegs Mexico’s 2026 GDP growth at 1.3%, with headline inflation near 4% and the policy rate seen at 6.5% by year-end.
- Respondents expect Banco de México’s next 25 bp cut by May, and project the peso near 19 per dollar at end-2026, with growth forecasts ranging from 0.6% to 1.8%.
- Argentine private gauges put December 2025 CPI at 2.5%–2.6%, driven by food—especially beef—and regulated price adjustments, leaving 2025 inflation near 31%.
- BCRA’s December REM points to a 2026 inflation path around 20.1%, with January near 2%, reflecting expectations of a gradual cooling rather than a rapid disinflation.
- From January, INDEC’s updated CPI (Engho 2017–18, COICOP 2018) reweights categories like housing, energy and transport and expands price collection, changes that may lift measured inflation and poverty levels versus the old series.