LatinNews Daily - 10 November 2020

* Mexico’s national statistics institute (Inegi) has released consumer price index figures for October, which show that monthly inflation was 0.61%, and the annual rate was 4.09%. This is up from annual inflation rates of 4.01% in September and 4.05% in August. In October 2019, Inegi had reported 0.54% monthly inflation and an annual rate of 3.02%. This October marked the fifth month of the so-called “new normal” in Mexico, a term the government uses to describe the gradual reopening of businesses, restaurants, hotels and other industry across most regions of the country, previously closed in a bid to contain the spread of coronavirus (Covid-19). Mexico’s inflation target set by the central bank (Banxico) is 3%.

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