LatinNews Daily - 25 October 2021

In brief: Mexico’s inflation continues to rise

* Mexico’s national statistics institute (Inegi) has released new figures which show that the country’s consumer price index (CPI) rose 0.54% in the first two weeks of October compared with the previous two weeks, pushing the annual inflation rate to 6.12%. Last month Mexico’s central bank (Banxico) raised its benchmark interest rate by 25 basis points to 4.75%, following increases of the same amount in August and June. Banxico said in a report that the decision was taken in response to inflationary pressures and forecast that inflation will close this year at 6.2% - well above Banxico’s 3% +/-1 inflation target range for 2021.

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