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Pablo Soria de Lachica Discusses Inflation Prognosis for Mexico

After a year of reactionary fluctuations that began to steady in the later part of 2017, Mexico’s inflation rate appears poised for a stable decrease heading into 2018, barring any setbacks to the peso’s exchange rate. Pablo Soria de Lachica, internationally recognized broker, discusses the country’s long term inflation outlook, expressing cautious optimism moving forward after an eventful 12 month period that witnessed the nation’s currency hitting a 16-year high in September. Mexico’s inflation rate averaged 25.19 percent from 1974 until 2017, peaking at 179.73 percent in February of 1988, with an all-time low of 2.13 percent in December of 2015. Likewise, the beginning of 2017 was somewhat tumultuous for the peso, evidenced by a record low against the U.S. dollar during early January, when it dwindled to 22.0 MXN/USD. This was attributed to widespread pessimism towards the future of the North American Free Trade Agreement (NAFTA) following the 2016 United States…