MEXICO CITY (Reuters) – Mexican inflation was close to a 15-month high during the first half of September, authorities said on Thursday, feeding speculation that the central bank will make a smaller rate cut at a monetary policy meeting later in the day.
Consumer prices were up 4.10% in the year through the first two weeks of the month, the national statistics agency said. That was just below a 4.11% rise in prices in the final half of August, the biggest jump since May 2019.
The Banco de Mexico is expected to cut the benchmark interest rate by 25 basis points later on Thursday, after a series of half percentage point cuts in recent months during the biggest economic slump since the 1930s Great Depression.
Banxico’s mandate is to watch inflation, however, and the rising prices have some on its board calling for a slower pace of cuts, with one member dissenting at the last meeting.
Closely watched core prices MXCPIH=ECI, which strip out some volatile food and energy prices, climbed 3.99 percent through early September.
Compared to the same period in August, prices rose 0.16%, while core prices were up 0.17%.
Mexico City newsroom, +52 55 5282-7153, firstname.lastname@example.org; Editing by Nick Zieminski
more recommended stories
With a 10 billion pesos investment, private sector will build the new Merida Airport
The government already lays the groundwork.
Renan Barrera promotes responsible pet ownership in Merida
As part of his commitment to.
Improvement and rehabilitation actions at Merida’s “Animaya” Zoo
Mérida, April 17, 2021. The Mérida.
Detentions of Central American migrants in March by Mexican authorities more than doubled (WSJ)
MEXICO CITY—Mexico increased detentions and deportations.
Only eight countries would make the green list for safe travel from May 17
The USA, Gibraltar, Israel and Iceland.
Western US prepares for possible 1st water shortage declaration
CARSON CITY, Nev. (AP) — The.
Environmentalists say Tulum suffers from overdevelopment
(AP) — Mexican environmental authorities said.
Super Typhoon Surigae rapidly intensifies to a Cat. 5 near the Philippines
Super Typhoon Surigae surged in intensity.
Uptown kindergarten shut down in Merida for operating without complying with health regulations
Mérida: For offering preschool service in.
Manatee sighting on the beaches of Telchac Puerto, Yucatán
It is very uncommon for this.