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MEXICO
  • Mid- October inflation likely slowed to 8.62% from 8.64% in the second half of September. Data point to some relief from lower global commodity prices and abating domestic supply shocks. The debate remains around whether inflation has peaked in September, but readings are expected to remain uncomfortably high.
  • Energy should account for most of the decline in non-core inflation, driven by lower propane prices. Non-processed food is likely to partially offset the result as a prolonged drought drove produce prices up. Base effects should also contribute.
  • Core inflation may rise from 8.29%. Goods should extend their uptrend, bolstered by global prices. Services are likely to slow due to the year-on-year comparison.
    • Oct. Bi-Weekly CPI, est. 0.53%, prior 0.10%
    • Oct. Bi-Weekly CPI Y/y, est. 8.62%, prior 8.64%
    • Oct. Bi-Weekly Core CPI, est. 0.36%, prior 0.15%
    • Oct. Bi-Weekly Core CPI Y/y, est. 8.32%, prior 8.29%

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