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Mexico: Inflation rises in September from the prior month
Latest reading: Consumer prices rose 3.8% on a year-on-year basis in September, following a 3.6% increase in the prior month. The September reading matched market expectations and was within the Central Bank’s 2.0%–4.0% target range.
Relative to the prior month’s figures, there were higher price pressures for food, beverages and tobacco (+4.4% on a year-on-year basis vs +3.7% in August) and education and recreation (+3.7% vs +3.2% in August). In contrast, there were reduced price pressures for housing (+3.2% vs +3.3% in August), transportation (+1.1% vs +1.2% in August) and clothing, footwear and accessories (+2.0% vs +2.1% in August).
Meanwhile, core consumer prices were up 4.3% in annual terms in September, following a 4.2% increase in the previous month.
Lastly, consumer prices increased 0.23% in September on a month-on-month basis, following a 0.06% increase in the previous month.
