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LatinNews Daily - 08 December 2023

In brief: Mexico’s inflation creeps up

* Mexico’s national statistics institute (Inegi) has released the national consumer price index figures for November, which shows monthly inflation stood at 0.64%, bringing the annual rate to 4.32%. This compares to monthly inflation of 0.38% in October, when the annual rate stood at 4.26%. According to Inegi, in November prices of energy & tariffs authorised by the government were up 2.70% in monthly terms while prices of agricultural products rose by 0.79%. The core price index, which discounts volatile items in its calculation, increased by 0.26 % in monthly terms in November, resulting in an annual rate of 5.30%. Within the core index, at the monthly rate the prices of merchandise rose by 0.14%, and the price of services rose by 0.42%.

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