El Buen Fin cooled inflation in Mexico during November

El Buen Fin cooled inflation in Mexico during November

A survey carried out by the Reuters agency indicates that the median of the projections of 14 participants showed inflation of 7.93% at the annual rate in November, its lowest level since last June and moving away from the record of 8.7% of last August and September.

Analysts considered that the drop in the National Consumer Price Index (INPC) was largely due to the Good End.

For core inflation, seen as a better parameter to measure the trajectory of prices because it eliminates highly volatile products, estimates indicate that it would accelerate to 8.58%, a level not seen since August 2000.

Banxico, which has a permanent inflation target of 3% +/- one percentage point, has increased the referential rate by a total of 600 base points as part of a cycle of increases that began in June 2021, up to its current level. of 10%.

Its last monetary policy announcement of the year is scheduled for December 15 and analysts anticipate a new increase, although this time of 50 base points, after four consecutive increases of three-quarters of a percentage point.

Only in November, consumer prices would have grown by 0.70% compared to the previous month, while an increase of 0.52% is expected for the underlying index, according to the survey.

the national institute of statistics, Inegiwill disclose on Thursday the behavior of the price index during the penultimate month of 2022.



(function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "https://connect.facebook.net/en_US/sdk.js"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));

Source link

Previous Story

Aaron Judge stays with the Yankees for 9 years and 360 million dollars

Next Story

Germany dismantles extremist group planning a coup

Latest from Mexico