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Mid-December CPI Scheduled

MEXICO
  • As a reminder, the notable development from Banxico’s December statement was the higher adjustments for both headline and core inflation throughout 2024, indicating the committee sees a slower disinflationary process than it did in November. The board stated, "current forecasts incorporate a more gradual decline in both food merchandise inflation and services inflation”, however inflation is “still foreseen to converge to the target in the second quarter of 2025.”
  • Core inflation is expected to have resumed its downtrend in the first two weeks of December and the data is due at 1200GMT/0700ET:
    • Dec. Bi-Weekly CPI, est. 0.42%, prior -0.10%
    • Dec. Bi-Weekly CPI Y/y, est. 4.36%, prior 4.33%
    • Dec. Bi- Weekly Core CPI, est. 0.49%, prior -0.04%
    • Dec. Bi-Weekly Core CPI Y/y, est. 5.22%, prior 5.30%

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