Mexico: Ahead of the Curve

  • CPI in November up 0.69% m/m (+7.92% y/y), with positive seasonality at the core and a well-behaved non-core

  • GFI in September to climb 0.1% m/m (+5.3% y/y) despite sequential declines in construction and machinery & equipment

  • Other relevant releases include November’s consumer confidence, September’s consumption, and the banking sector survey

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