Mexico Inflation Ticks Up Though Key Measure Continues Slowdown
- Annual inflation quickens to 4.32%, versus 4.39% estimate
- Core inflation slows to 5.3%, below 5.33% projection
Shoppers at a Walmart Supercenter store in Mexico City.
Photographer: Marian Carrasquero/BloombergThis article is for subscribers only.
Mexico’s annual inflation accelerated slightly in November, sounding a note of caution after the central bank signaled an interest rate cut is on the table in the coming months.
Consumer prices rose 4.32% compared to the same period a year earlier, up from 4.26% in October, the national statistics institute reported Thursday. The print was below the 4.39% median estimate of analysts surveyed by Bloomberg.