# Mexico inflation at 21-year high, central bank seen hiking rates again

> 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.

- Date: 2022-05-09 · published 2022-05-09T12:00:00.000Z
- Category: macro · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/41666-mexico-inflation-at-21-year-high-central-bank-seen-hiking-rates-again
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

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.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/mexico-inflation-21-year-high-central-bank-seen-hiking-rates-again-2022-05-09/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.