Mexico: in March 2021 the Bank of Mexico expected inflation of 3.0% for 2022; the outcome was 8.0%
Forecasts of 28 releases (2018–2024) for the next year: the outcome above the forecast 24 times, below 4; typical error +1.15 percentage points. The largest under-forecast in March 2021: 3.0% expected for 2022, the outcome was 8.0%. The largest over-forecast in November 2018: 3.4% expected for 2019, the outcome was 2.9%.
Source: Central banks: published forecasts; actual: official statisticsOpen on the chart →