Overview

• The Instituto Nacional de Estadística y Geografía reported that annual inflation fell to 3.5% in July after a 0.27% monthly increase.
• Beef prices climbed 17.64% year-on-year in July, marking the fifth month of double-digit inflation.
• Egg inflation accelerated to 9.64% and milk prices rose 8.35%, far outpacing the headline rate.
• Chicken and pork inflation eased to 7.24% and 6.51% respectively, down from over 10% in June.
• Consumers say they feel no relief on daily purchases and are relying on substitutions, bulk buys and brand switches to stretch budgets.