LatinNews Daily - 10 October 2025

*Mexico’s national statistics institute (Inegi) has released the consumer price index (INPC) for September, showing a monthly inflation rate of 0.23% and an annual rate of 3.76%. This is up from monthly inflation of 0.06% and annual inflation of 3.57% in August. Core inflation, which excludes volatile items like food and fuel, stood at 0.33% in monthly terms and 4.28% in annual terms, up from a monthly core rate of 0.22% and an annual core rate of 4.23% in August. Mexico’s central bank (Banxico) continued to reduce interest rates last month despite signs of rising inflation. In meeting minutes released yesterday, Banxico’s board suggested it would enact further rate cuts in subsequent meetings. Posting on social media, Gabriela Siller, the head of economic analysis at Mexican private bank Banco Base, stated that if Banxico did continue to cut interest rates “it will place it in real terms (discounting inflation) in neutral territory, where there is no longer an active fight against inflation”.

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