LatinNews Daily - 10 June 2026

*Mexico’s national statistics institute (Inegi) has released new figures for its consumer price index, showing a monthly deflation rate of 0.21% in May, while annual inflation stood at 3.94%, which is within the central bank (Banxico)’s target of 3% with a tolerance range of ± 1.0 percentage point. This is down from monthly inflation of 0.20% in April, when the annual inflation rate stood at 4.45%. The annual reading came in below the 4.03% estimate of economists surveyed by Reuters. Core inflation, which excludes volatile items such as food and energy, stood at 0.22% in monthly terms and 4.19% in annual terms. The latest figures come as Banxico last month cut its benchmark interest rate by 25 basis points, bringing the rate to 6.50% – the second consecutive rate cut following a cut of 25 basis points in March.