Mexico: Inflation falls to lowest level since July in October
Inflation ticked down to 8.4% in October, which followed Septembers 8.7%. October’s reading marked the lowest inflation rate since July. Looking at the details of the release, the change in prices for transport and food, beverages and tobacco rose at a quicker pace in October. However, prices for housing grew at a softer pace.
Annual average inflation rose to 7.8% in October (September: 7.6%). Meanwhile, core inflation ticked up to 8.4% in October, from Septembers 8.3%.
Lastly, consumer prices rose 0.57% in October over the previous month, largely in line with September’s 0.62% increase. October’s result marked the weakest reading since May.