Mexico Inflation October 2018

Mexico

Mexico: Inflation edges down in October

November 8, 2018

Consumer prices rose 0.52% from a month earlier in October, heating up from their 0.42% month-on-month increase in September. Higher fuel costs were behind the reading. Core consumer prices—which exclude volatile categories such as fresh produce and energy—increased 0.31% month-on-month in October, roughly in line with September’s 0.32% uptick.

Inflation ticked down to 4.9% in October (September: 5.0%). Meanwhile, core inflation was stable from September at 3.7%.

Banxico expects inflation to end 2019 at 3.1%. Panelists surveyed by FocusEconomics expect inflation to end 2019 at 3.8%, which is up 0.1 percentage points from last month’s forecast. For 2020, the panel sees year-end inflation at 3.7%.


Author:, Economist

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Mexico Inflation October 2018

Note: Month-on-month and year-on-year changes of consumer price index (CPI) in %.
Source: Mexico National Statistics Institute (INEGI).


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