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Mexico’s Inflation Exceeds Forecasts in 2023
In the closing months of 2023, Mexico experienced an unexpected rise in inflation, surpassing predictions by market experts and the Bank of Mexico (Banxico). The National Consumer Price Index (INPC) increased by 0.71% in December, resulting in a 4.66% annual inflation rate, as reported by the stats agency Inegi. Although this rate marked a deceleration […]
Volkswagen Announces Second Phase of Investment in Mexico
Volkswagen’s Mexican branch revealed on Friday a significant investment of approximately 1 billion US dollars. This marks the second installment of the German automaker’s investment aimed at expanding its electric vehicle operations at its existing facility in Central Mexico. The company did not specify which types of electric vehicles would be produced at its extensive […]