Mexico's consumer inflation slows down in October
Producer price index, however, accelerates
ISTANBUL
Mexico's consumer inflation slowed down in October both annually and monthly, according to official figures released Thursday.
Annual consumer inflation came in at 4.26% last month, slowing pace from September's level of 4.45%, said the national statistics agency INEGI.
The figure came slightly lower than the market expectation of 4.28%.
On a monthly basis, consumer prices increased 0.38% in October, also slowing down from a 0.44% monthly gain the month before. The market estimate for the figure was to show a monthly gain of 0.39%.
The producer price index, on the other hand, showed an annual increase of 1.35% in October, accelerating its pace from the previous month's gain of 0.71%.
On a monthly basis, producer prices increased 0.46% last month, slightly accelerating from the September figure of 0.45%, according to INEGI figures.
Mexico's central bank in September kept its key interest rate steady at the record high level of 11.25%.
The Bank of Mexico last hiked its key interest rate in March by 25 basis points, its 15th rate increase since mid-2021.
