Business · Economy · 1 day ago
Mexico inflation accelerated for a second month in September
Mexico’s annual consumer inflation rose to 3.45% in September, up from 3.26% in August.
This was the second month in a row that inflation accelerated.
The monthly increase in consumer prices was 0.42%, compared with 0.20% in August.
Underlying inflation, which excludes some more changeable prices, eased to 3.75%, while non-underlying inflation rose to 2.45%.
Mexico’s central bank, Banxico, kept its key interest rate at 6.50% at its September meeting.
Minutes showed that three of its five board members said rate cuts could be considered if inflation prospects improve, though the bank said risks to inflation still lean upward.
The minutes did not set out when a cut might happen.
Mexico’s annual consumer inflation rate rose to 3.45% in September from 3.26% in August.
Consumer confidence fell by 1.2 points from August to 45.1, its first monthly decline in four months.
The monthly consumer price index rose 0.42%, compared with 0.20% in August.
Underlying inflation eased to 3.75% annually, while non-underlying inflation rose to 2.45%.
- Who
- Mexican consumers and the National Institute of Statistics and Geography (Inegi), which reported the data.
- What
- Annual consumer inflation rose in September as consumer confidence fell.
- When
- September; the figures were reported during the week of October 5 to 9.
- Where
- Mexico.
- Why
- Not stated
This story does not have two clearly opposing sides.
given the recent evolution of inflation, and as long as its determinants continue to support the disinflation process, a one-off reduction in the benchmark rate may be considered in the following decisions
The National Producer Price Index (INPP) measures the evolution of the prices of a fixed basket of goods and services. The basket is representative of national production for domestic consumption and export.
Annual consumer inflation was 3.26%, and the monthly consumer price index rose 0.20%.
Annual consumer inflation reached 3.45%, while the monthly consumer price index rose 0.42%.
Consumer confidence fell 1.2 points from the previous month to 45.1.
- Annual consumer inflation
- 3.45% in September, up from 3.26% in August
- Monthly consumer price index
- Rose 0.42% in September
- Underlying inflation
- 3.75% annually, down from 3.88% in August
- Non-underlying inflation
- 2.45% annually, up from 1.13% in August
- Consumer confidence
- 45.1 points, down 1.2 points monthly
Sources
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