*Mexico’s national statistics institute (Inegi) has reported that the consumer price index (INPC) increased by 0.01% in August compared to the previous month. This brings the annual inflation rate to 4.99%, down from 5.57% in July and breaking five consecutive months of annual increases. The core inflation rate, which excludes volatile items, rose by 0.22% in monthly terms and 4.00% in yearly terms, down from 4.05% in July. Mexico’s central bank (Banxico) surprised analysts in July by cutting interest rates despite rising inflation. The bank’s next monetary policy announcement is schedule for 26 September.
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