Inflation has become a significant challenge for Mexico, impacting the value of the peso and purchasing power. According to INEGI, inflation reached 4.66% in December 2023, exceeding Banxico's target range.
This can erode consumer confidence and discourage investment, potentially weakening the peso. To combat inflation, Banxico could raise interest rates, but this could slow economic growth.
The government is also implementing measures to control food and energy prices. dolar hoy will keep you informed about the battle against inflation and its dolar hoy implications for the peso.