INSUBCONTINENT EXCLUSIVE:
A Reuters survey revealed that general inflation likely increased, while core inflation continued its downward trend.This development
strengthens expectations that the central bank will maintain its course of interest rate cuts
The median forecast from ten analysts projected a general inflation rate of 4.67% for the first two weeks of October.This marks an uptick
from the 4.50% recorded in the previous fortnight, which had been the lowest level since March
Analysts attribute this rise primarily to seasonal increases in electricity rates.Despite the overall increase, the closely watched core
inflation index is expected to drop to 3.84%
This would be its lowest point since January 2021.The core index excludes highly volatile prices, providing a clearer picture of underlying
Inflation Trends: General Rate Rises, Core Rate Falls in Early October
(Photo Internet reproduction)The core index is projected to increase by a more modest 0.20%
its benchmark interest rate by 25 basis points to 10.50%
This marked the third monetary policy easing this year.Minutes from the September meeting indicate that the board anticipates a gradual
of private sector economists, suggest the rate will end in 2024 at 10%
is set to release official inflation data for the first half of October on Thursday
Index (INPC) serves as the primary tool for measuring price variations in a representative basket of goods and services.It reflects the
consumption patterns of Mexican households and is essential for evaluating inflation trends
While the central bank remains cautious, it acknowledges that inflation risks still lean toward the upside.However, it has signaled that
interest rate adjustments will be gradual
These changes will occur as macroeconomic conditions permit, balancing the need to control inflation with supporting economic growth.
