LatinNews Daily - 10 December 2021

* Mexico’s national statistics institute (Inegi) has released its latest figures on the national consumer price index (INPC) which show that monthly inflation stood at 1.14% in November, up from 0.84% the previous month. This brings the annual rate to 7.37%, more than twice the 3% inflation target figure for 2021 set by Mexico’s central bank (Banxico). The latest inflation figures reinforce speculation that Banxico will raise its benchmark interest rate for a fifth consecutive time when it meets next week for the final monetary policy meeting of the year, following increases of 25 basis points in November, September, August and June.

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