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Mexico Inflation November 2019

Mexico: Inflation lands at Banxico’s target for third consecutive month in November

Consumer prices rose 0.81% from the previous month in November, following the 0.54% month-on-month increase logged in October. According to the Statistical Institute (INEGI), November’s reading largely reflected higher prices for housing and utilities costs.

Inflation held steady at 3.0% for the third consecutive month in October, thus remaining at the midpoint of Banxico’s target range of 2.0%–4.0%. Meanwhile, annual average inflation inched down to 3.8% in November from 4.0% in the previous month.

Core consumer prices, which exclude volatile food and energy prices, rose 0.22% over the previous month in November, down from September’s 0.25% increase. For its part, core inflation remained unchanged at October’s 3.7% in November.

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