Mexico’s Inflation Holds at 3.63%, Within Central Bank Target

Mexico's inflation rate for the first half of October reached 3.63%, according to data from the National Institute of Statistics and Geography (INEGI). This keeps inflation within the national monetary policy target of 3% ±1 percentage point.

The interannual rate of 3.63% represents a slight deceleration from the previous period, which registered 3.78%, and exceeded projections for a slowdown in price growth by specialists and financial institutions.

The National Consumer Price Index (INPC) showed moderation across both components. The non-core component, covering volatile items such as energy and agricultural goods, and the core component, comprising other goods and services, both reflected this easing.