The median projection of 16 participants in a Reuters poll showed annual rate inflation of 8.46% for the National Consumer Price Index, below the more than two-decade high of 8.70% reached in September and last august.
On the contrary, for the underlying component, seen as a better parameter to measure the price trajectory because it eliminates high volatility products, estimates indicate that it would advance 8.44%, its highest level since August 2000.
Banco de México, which has a permanent inflation target of 3% +/- one percentage point, has increased the benchmark rate by a total of 525 basis points in its last 11 monetary policy meetings to its current level of 9.25%.
His next decision is scheduled for Thursday, November 10, and analysts anticipate a further increase in the cost of credits.
In October alone, consumer prices would have grown 0.61% compared to the previous month, while an increase of 0.65% is expected for the underlying index, according to the survey.
The National Institute of Statistics will release on Wednesday the price index for the tenth month of the year.
With information from Reuters
