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MEXICO: September CPI Inflation, Senate Vote On Electoral Reforms

MEXICO
EM BulletMexicoBulletGlobalEmerging Market NewsRegion
  • Bi-weekly and full-month September CPI data are due at 1300BST(0800ET), with consensus for headline inflation to fall to 4.61% y/y last month, from 4.99% in August, while the core inflation rate edges down to 3.94%, from 4.00%.
    • Sept. CPI YoY, est. 4.61%, prior 4.99%
    • Sept. CPI MoM, est. 0.08%, prior 0.01%
    • Sept. CPI Core YoY, est. 3.94%, prior 4.00%
    • Sept. CPI Core MoM, est. 0.31%, prior 0.22%
  • Meanwhile, the Senate is scheduled to vote on President Sheinbaum’s proposed reforms to allow for the election of judges today, according to Senate President Gerardo Fernandez Noroña. Yesterday, Sheinbaum unveiled a security plan to reduce the country’s high murder rate, which will include the creation of a new intelligence unit.
  • In other news, Economy Minister Ebrard said yesterday that the country needs private investment in the energy sector, as he acknowledged that the government has insufficient resources to expand renewable power and address supply issues. Ebrard said that President Sheinbaum will lay out clear rules for private investment in the sector next week. Sheinbaum has announced a goal of generating 45% of Mexico’s power with renewables by 2030.
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  • Bi-weekly and full-month September CPI data are due at 1300BST(0800ET), with consensus for headline inflation to fall to 4.61% y/y last month, from 4.99% in August, while the core inflation rate edges down to 3.94%, from 4.00%.
    • Sept. CPI YoY, est. 4.61%, prior 4.99%
    • Sept. CPI MoM, est. 0.08%, prior 0.01%
    • Sept. CPI Core YoY, est. 3.94%, prior 4.00%
    • Sept. CPI Core MoM, est. 0.31%, prior 0.22%
  • Meanwhile, the Senate is scheduled to vote on President Sheinbaum’s proposed reforms to allow for the election of judges today, according to Senate President Gerardo Fernandez Noroña. Yesterday, Sheinbaum unveiled a security plan to reduce the country’s high murder rate, which will include the creation of a new intelligence unit.
  • In other news, Economy Minister Ebrard said yesterday that the country needs private investment in the energy sector, as he acknowledged that the government has insufficient resources to expand renewable power and address supply issues. Ebrard said that President Sheinbaum will lay out clear rules for private investment in the sector next week. Sheinbaum has announced a goal of generating 45% of Mexico’s power with renewables by 2030.