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Mexico's consumer prices rose 7.68% year on year through April, the highest inflation in 21 years, and the month-on-month increase was 0.54%. The data suggested the central bank would likely raise rates again.
Rising inflation and expected rate hikes tend to support the peso, which lowers the cost of dollar-priced feed imports. Persistent inflation also pressures Mexican consumer demand for meat and dairy and raises input costs for feed producers.
reuters.comAnthony EspositoMay 9, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
