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Mexico Inflation September 2023

Mexico: Inflation drops to lowest level since February 2021 in September

Inflation came in at 4.5% in September, which was down from August’s 4.6%. September’s figure marked the lowest inflation rate since February 2021 but was still above the Central Bank’s 2.0%–4.0% target range. The cooling of price pressures was largely due to slower growth in prices for food, beverages and tobacco.

In addition, the trend pointed down, with annual average inflation coming in at 6.4% in September (August: 6.8%). Meanwhile, core inflation fell to 5.8% in September, from the previous month’s 6.1%.

Finally, consumer prices increased 0.44% in September over the previous month, below August’s 0.55% rise. September’s result marked the weakest reading since June.

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