Mexico | October inflation forecast:stable headline inflation & lower core in annual terms

Summary

We expect headline inflation to increase 0.51% MoM in October (2.99% YoY), with core coming in at 0.22% MoM (3.66% YoY).

Key points

• Key points:
• If our monthly forecasts prove accurate, headline inflation would edge down from 3.00% in September, and would have decreased for the six month in a row
• We continue to expect inflation to ease further in Nov-Dec, driven by positive base effects from non-core food prices

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