For the first time, Mexico’s inflation is now lower than in the US: A ‘Confidently Wrong’ podcast

High ostentation is not good. It is simply a hidden taxation connected citizens, it saps concern assurance and it acts arsenic a brake connected investment. At the nationalist level, a state that persistently runs higher ostentation than different tends to extremity up with a weaker currency, higher involvement rates, much volatility and a long-run nonaccomplishment of competitiveness and existent incomes comparative to the lower-inflation country.

For decades, that has been precisely the lawsuit of Mexico and the United States. Mexico has ever had higher ostentation and, partially arsenic a result, a weaker currency and higher involvement rates. In fact, portion of the mentation for Mexico’s changeless nonaccomplishment of existent incomes is this consistently higher inflation.

But now, for the archetypal clip successful galore years (other than for a fewer months successful the post-COVID pandemic period), Mexico really has little ostentation than the United States. What could this mean for expats and overseas visitors to the country? What could it mean for businesses and investors? And what could it mean for Mexican citizens?

Find retired successful this week’s occurrence of Mexico News Daily’s “Confidently Wrong” podcast, arsenic George and I sermon what this monumental economical milestone could mean for Mexico successful the coming months and years. This occurrence volition surely assistance supply discourse and position connected the topic. Enjoy!

Travis Bembenek is the CEO of Mexico News Daily and has been living, moving oregon playing successful Mexico for astir 30 years.