Mexico's inflation eases further in September, still above bank target

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A Local Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingtips - Mexico's annual inflation eased in September for the eighth consecutive month and stood at 4.45%, still above the central bank's target, data on Monday showed, supporting forecasts the bank will keep its key rate at its current level.

However, inflation figures continue to exceed the Bank of Mexico's target of 3% plus or minus one percentage point. Jason Tuvey, Deputy Chief Emerging Markets Economist at Capital Economics, said Banxico's concerns about persistent inflation were reinforced by the fresh rise in services prices. Consumer prices rose 0.44% in September from August, according to non-seasonally adjusted figures, above the expected 0.45%.

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