Mexico: Inflation rises in November from October
Latest reading: Consumer prices rose 3.8% in annual terms in November, following a 3.6% increase in the prior month. The reading was above market expectations but within the Central Bank’s 2.0%–4.0% target range.
Relative to the prior month’s data, there were higher price pressures for food, beverages and tobacco (+3.5% in annual terms vs +3.3% in October), transportation (+2.0% vs +1.3% in October), education and recreation (+4.0% vs +3.9% in October) and clothing, footwear and accessories (+2.8% vs +2.3% in October). In contrast, price pressures reduced for housing in November (+3.2% vs +3.4% in October).
Meanwhile, core consumer prices rose 4.4% in annual terms in November, following a 4.3% increase in the prior month.
Lastly, consumer prices rose 0.66% in November on a month-on-month basis, following a 0.36% rise in the previous month.