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Mexico's Inflation Rises Slightly in October
Mexico's October inflation rose slightly, breaking a three-month decline, although core inflation shows signs of slowing. Banxico recently cut interest rates.
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EconomyInflationInterest RatesLatin AmericaMexicoCentral Bank
InegiCitibanamexBanco De Mexico (Banxico)
- What was Mexico's annual inflation rate in October?
- Mexico's annual inflation rate in October was 4.76%, slightly higher than anticipated and ending three consecutive months of decline.
- What is the significance of core inflation's recent trend?
- Despite the overall rise, core inflation, a key indicator for long-term trends, showed signs of deceleration in October, reaching its lowest annual rate since December 2020.
- Which index showed the most significant increase in October?
- The non-core inflation index, which includes government-regulated prices, rose significantly, with agro-industrial goods and fruits and vegetables seeing the most substantial increases.
- What recent action did Banxico take regarding interest rates?
- Banco de Mexico (Banxico) recently cut its benchmark interest rate after several months of declining inflation, a decision with uncertain future implications, with their next monetary policy decision on November 14th.
- How did Citibanamex's prediction compare to the actual inflation rate?
- Citibanamex's survey predicted inflation close to the reported 4.76%, indicating that analysts' expectations were largely aligned with the actual results.