Mexico inflation rose less than expected in early October

10/24/2018 – Reuters 

argentina-bazaar-buenos-aires-1060803.jpgMEXICO CITY (Reuters) – Mexican annual inflation in the first half of October rose less than expected, official data showed on Wednesday, but the rate was still above the central bank’s target.

Mexican inflation in the 12-months through early October rose 4.94 percent, the national statistics institute said, compared to expectations for a 5.00 percent increase in a Reuters poll. It was up from 4.88 percent in early September.

Yields on Mexican interest rate swaps MXNIRS bid slightly lower after the data as investors trimmed bets on an interest rate hike at the next central bank announcement on Nov. 15.

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