Mexico's Inflation Rises Slightly in October

Mexico's Inflation Rises Slightly in October

elpais.com

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.

Spanish
Spain
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.