*Mexico’s national statistics institute (Inegi) has released the consumer price index (INPC) for January, reporting a monthly inflation rate of 0.29%, down from 0.38% in December and marking the third consecutive month of decline. This brings the annual headline inflation to 3.59%. The figure is down from annual inflation of 4.21% recorded at the end of 2024 and marks the lowest rate since January 2021 (3.54%). Core inflation, which excludes volatile items like food and fuel, rose by 0.41% on a monthly basis, down from a monthly rate of 0.51% in December. The report comes after Mexico’s central bank (Banxico) cut the interest rate to 9.50%, marking its fifth consecutive reduction and the first of 50 basis points in this rate reduction cycle. Mexico’s President Claudia Sheinbaum welcomed the latest inflation figures and interest rate cut, highlighting the country’s “strong macroeconomic performance”.
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