LatinNews Daily - 10 November 2026

*Mexico’s national statistics institute (Inegi) has announced that monthly inflation in October was 0.65%, up from 0.42% in September. In year-on-year terms, inflation rose to 3.75% in October, up from 3.45% the previous month. The annual reading was above all 23 estimates in a Bloomberg survey of economists, which had a 3.65% median. Core inflation, which excludes certain volatile products such as food and energy, stood at 0.34% in monthly terms in October, up from 0.20% in September, and at 3.80% in annual terms, up from 3.75%. The latest figures are likely to heighten scrutiny of the recent decision by Mexico’s central bank (Banxico) to cut its benchmark interest rate by 25 basis points.