Headline inflation rose 0.57% m/m, help by the non-core at 0.38%, but with the core still pressured at 0.63%
As such, annual headline inflation moderated to 8.41% from 8.70%. However, the core increased to 8.42% from 8.28%
We restate our call of +75bps by Banxico tomorrow, with the reference rate closing the year at 10.50%
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