Inflation & Prices
Mexico Inflation Slows Under Forecast With Interest Rate Cut in Play
- Prices rose 4.55% in Nov. from year prior; estimate was 4.6%
- Core CPI hits 3.58% ahead of central bank’s December meeting
Shoppers at a store in Mexico City.
Photographer: Marian Carrasquero/BloombergThis article is for subscribers only.
Mexico’s headline inflation slowed slightly more than expected in November, boosting the odds of a fourth straight interest rate cut at the central bank’s meeting next week.
Official data released Monday showed consumer prices rose 4.55% from a year prior, under both the 4.6% median estimate of economists surveyed by Bloomberg and the 4.76% reading in October. Monthly inflation stood at 0.44%.