Mexico central bank board member says inflation remains very high

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MEXICO CITY — Mexican central bank board member Gerardo Esquivel said headline and core inflation rates in Mexico are still very high, according to comments he made in a podcast published by Mexican bank Banorte on Wednesday.

Inflationary pressures that had started mounting with the COVID-19 pandemic increased after Russia invaded Ukraine a month ago, Esquivel said. (Reporting by Noe Torres)