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November Inflation Data Due

MEXICO
  • Inflation for November is expected to have accelerated to 7.24% y/y, up from 6.24% the month prior and from 7.04% at the latest bi-weekly result.
  • Food and energy should account for most of the advance. Core inflation is also likely to increase. Inflation will rise further above the ceiling of the 3.0% +/- 1 percentage point target, but be close to central bank forecasts.
  • The next Banxico decision is scheduled for December 16
    • 1200GMT/0700ET: Nov. CPI M/m, est. 1.02%, prior 0.84%
    • 1200GMT/0700ET: Nov. CPI Y/y, est. 7.24%, prior 6.24%
    • 1200GMT/0700ET: Nov. CPI Core M/m, est. 0.32%, prior 0.49%

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