LatinNews Daily - 10 February 2026

*Mexico’s national statistics institute (Inegi) has released the latest figures for its consumer price index (INPC), which put monthly inflation in January at 0.38% and annual inflation at 3.79%. Both rates saw slight increases from the previous month: monthly inflation rose from 0.28% in December, and the annual rate rose from 3.69%. Core inflation, which excludes volatile items like food and fuel, stood at 0.60% in monthly terms and 4.52% in annual terms, up from a monthly core rate of 0.41% in December when the annual core rate was 4.33%. Inflation remains within the central bank (Banxico)’s target of 3% with a tolerance range of +/- 1%. From December, goods prices increased by 0.92% whilst services were up 0.30%. On 5 February Banxico announced it was pausing its easing cycle for interest rates to respond “to a higher anticipated trajectory for core inflation”, according to policymakers in a statement.

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