Mexico: September CPI – A downward surprise, but the trend remains challenging

  • Headline inflation stood at 0.62% m/m, with the core at 0.67%. Overall, pressures were lower during the 2nd half

  • As such, annual headline inflation was unchanged at 8.70%, but with the core still climbing to 8.28% (previous: 8.05%)

  • We reiterate our call of a 75bps hike in November and a 2022 year-end rate at 10.50%

October 7th, 2022
Subscribe to read this report

You can read this report by subscribing to a Starter or Pro plan today.

Already have an account? Log in


This publication is being distributed by Tellimer solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.

This publication is not intended for distribution to, or use by, any person or entity in any jurisdiction in any country where such distribution or use would be contrary to law or regulation, or which would subject Tellimer to any registration requirement within such jurisdiction or country.

This research is produced by a third party. The Tellimer team has had no editorial input into the content of the note.