trending Market Intelligence /marketintelligence/en/news-insights/trending/OfBHevEg3M0eUuIXeyK9Uw2 content esgSubNav
In This List

Mexico's annual inflation hits central bank target at 3% in September

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Mexico's annual inflation hits central bank target at 3% in September

Mexico's national consumer price index grew 0.26% monthly in September, bringing inflation for the year through September to 3.00%, according to data from national statistics agency INEGI.

The annual inflation is in line with Banco de México's target of 3%, with a 1% above-and-below tolerance threshold.

The latest figures were lower than those in the year-ago month, with the monthly variation then clocking in at 0.42% and the annual increase at 5.02%.

The core index, which removes the effects of some volatile food and energy prices, advanced 0.30% monthly and 3.75% annually in September.

The Mexican central bank recently reduced its benchmark interest rate for the second time this year, citing a continued decline in inflation.