FX.co ★ Mexico's Core Inflation Slows Significantly in Early November

Mexico has witnessed a notable slowdown in its core inflation at the onset of November, as indicated by the latest data released on November 22, 2024. The Consumer Price Index (CPI) for the first half of the month has decreased to a mere 0.04%, representing a sharp decline from the previous 0.23% in October.

This significant drop in core CPI reflects the country’s concerted efforts to manage inflationary pressures. Policymakers and economists attributed the slowdown to a combination of favorable economic policies and moderated pricing pressure across key sectors.

As Mexico continues to navigate its economic landscape, the current figures offer a sense of optimism in stabilizing prices and, potentially, paving the way for sustained economic growth. Stakeholders will be keenly observing how this trend develops and how it influences monetary policy moving forward.