Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
⏰ Save Valuable Time with Faster Stock Data & Tools Go Pro Now
Mexico headline inflation seen easing in early November, core inflation up: Reuters Poll
© Reuters. FILE PHOTO: A man sells corn grains at a public market in Ozumba de Alzate, State of Mexico, Mexico, May 24, 2022. REUTERS/Edgard Garrido/File Photo
MEXICO CITY (Reuters) - Mexico's annual headline inflation is forecast to have eased in the first half of November but to have stayed well above official targets, a Reuters poll showed Tuesday, leaving the door open to further interest rate hikes by the country's central bank.
The median forecast of 16 analysts sees annual headline inflation slowing to 8.24% from the 8.28% recorded in the second half of October.
While annual inflation continues its deceleration from a peak of 8.77% in the second half of August, core inflation is now expected to rise to 8.60%, a level not seen since August 2000.
The core index, seen as a better measurement of inflation because it strips out volatile food and energy prices, is seen climbing 0.30% in the first 15 days of the month compared to the previous half-month period.
Meanwhile, headline consumer prices are expected to have risen 0.65% in the period.
The forecasts keep annual inflation far above the Bank of Mexico's target of 3% plus or minus one percentage point.
Banxico, as the central bank is known, has raised Mexico's benchmark interest rate 600 basis points since June 2021, lifting the rate to its current 10%.
The bank is scheduled to hold its next monetary policy meeting on Dec. 15, when analysts expect a 50-basis-point rate increase after four consecutive hikes of 75 basis points.
Mexico's statistics institute will release inflation data for the first half of November on Thursday at 6 a.m. (1200 GMT).
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.