Argentine Treasury officials are relieved that February's inflation will not exceed 0.8% in figures to be published on Friday. According to the National Statistic Institute, rising meat prices held inflation above the 0.6% rate predicted by the government. Economists expect March inflation to increase to 1.2%, still less than the 1.5% registered last year.
Remittances sent to Mexico are expected to increase 7.5% year-on-year in 2006 to some $21.5 billion, or €18.13 billion, the Mexican Institute of Finance Executives said on Friday. Foreign direct investment (FDI) to Mexico is expected to reach $15.5 billion, or 13.07 in 2006, the Institute said.
Remittances in the first ten months of 2005 totaled $16.545 billion (€13.96 billion), and are estimated at some $20 billion (€16.87 billion) for the whole of last year.