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Inflation in Mexico remains unchanged at 8.7% in September

According to a report released on October 7 by the National Institute of Statistics and Geography (INEGI), Mexico’s National Consumer Price Index (NCPI) registered an annual variation of 8.7% in September, the same level as in August.

This is the 19th consecutive month inflation exceeded the target range set by Mexico’s Central Bank (3%).

Inflation seems to be reaching the peak desired by the authorities, reaching the arithmetic illusion of a possible peak.

“Headline inflation remains at 8.7%, while core inflation continues to defy the authorities, rising to 8.28%,” commented Alfredo Coutiño, director of Moody’s Analytics, on his Twitter account.


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