Mexican Inflation Slowed Modestly in October

11/08/2018 – The Wall Street Journal

black-and-white-business-chart-241544By Anthony Harrup

MEXICO CITY — Mexico’s consumer-price inflation eased slightly in October as a drop in agricultural prices partially offset higher energy costs, but left the annual rate well above the central bank’s 3% target.

The consumer price index rose 0.52% last month, pushing annual inflation down to 4.9% from 5.02% in September, the National Statistics Institute said Thursday.

Core CPI rose 0.31%, led by a 0.39% increase in services, nudging the annual rate up to 3.73% from 3.67% in September.

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