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October 11, 2025
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Inflation was 3.76% in September; the underlying remains elevated

Inflation was 3.76% in September; the underlying remains elevated

However, the National Consumer Price Index was higher than in August (3.57%) and core inflation remained high.

Core inflation—which eliminates volatile prices—rose 0.33% monthly and stood at 4.28% annually, practically in line with the projection of the previous survey (4.28% and 0.32%, respectively). By components, merchandise increased 0.34% monthly and services 0.32%.

The non-core component fell 0.10% monthly; Inside, agriculture fell 0.14% and energy and authorized rates fell 0.06%.

At an annual rate, the non-core remained at 2.02%, well below the 6.50% observed a year before, which continues to help contain the general reading.

The products that encouraged the rebound

Among the generics with the greatest incidence of growth, own housing, primary education, lunch shops/fondas/taquerias, universities, as well as serrano chili, green tomatoes, beef, onion, beer and other fruits stood out.

On the downside, professional services, eggs, avocado, potatoes and other tubers, oranges, lettuce and cabbage, air transportation, bananas, LP gas and tequila stood out.



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