The annual inflation rate in Mexico fell for the second consecutive month, reaching 4.58% in September 2024, its lowest level since March of this year and below market expectations of 4.62%.
Core inflation, key to monetary policy, saw a significant decrease in September, falling to 3.91%, the lowest since February 2021, down from 4% in August.
Despite positive inflation figures, the Bank of Mexico has executed only three 25 basis point cuts this year, limiting more aggressive monetary policy compared to other regional central banks.
The latest inflation results exceeded Banxico's forecasts, with a projected inflation of 5.1% at the end of the third quarter, yet the real figure showed significant improvement.
Collection
[
|
...
]