LatinNews Daily - 25 November 2022

* Mexico’s national statistics institute (Inegi) has released the latest figures for the consumer price index (INPC), which shows that prices rose 0.56% in the first two weeks of November, bringing the 12-month rate to 8.l4% – down from 8.41% at the end of October. This in turn was down from 8.53% recorded in the first two weeks of October. Yesterday Mexico’s central bank (Banxico) released the minutes from its last policy meeting on 10 November, when it raised the benchmark interest rate by 75 basis points to 10%. The minutes cited policymakers as saying that price pressures were easing but core inflation remained high – prompting speculation of future rate hikes. Banxico does not expect inflation to return to its target level of 3% until the third quarter of 2024.

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