Mexico inflation likely ticked down in first half of October: Reuters poll
© Reuters. FILE PHOTO: Customers walk past a fruit stall at a street market, in Mexico City, Mexico December 17, 2021. REUTERS/Luis Cortes/File Photo
A median forecast of 10 analysts predicts an annual headline inflation of 4.38% for the first two weeks of the month, the lowest rate since March 2021, but still above the monetary authority's target of 3%, plus or minus one percentage point. Banxico, as the central bank is known, last month decided to keep its key rate steady at 11.25% for the fourth straight meeting, with analysts predicting the rate will remain on hold until early 2024.
Analysts also estimated headline inflation rose 0.34% compared to the previous two weeks, while core inflation was up 0.20%.
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