LatinNews Daily - 09 January 2026

*Mexico’s national statistics institute (Inegi) has released the consumer price index (INPC) for December, which showed monthly inflation of 0.28% and an annual rate of 3.69%. This is down from monthly inflation of 0.66% and an annual rate of 3.80% in November. Annual inflation ended the year just under the 3.75% median estimate of analysts surveyed by Bloomberg. Core inflation, which excludes volatile items like food and fuel, stood at 0.41% in monthly terms and 4.33% in annual terms, up from a monthly core rate of 0.19% in November but down from an annual rate of 4.43% the previous month. Inflation remains within the central bank (Banxico)’s target of 3% with a tolerance range of +/- 1%. On social media, Gabriela Siller, director of economic analysis at Mexican private bank Banco Base, stated that although inflation decelerated in 2025 “it stagnated above 3.5%”, noting that Banxico’s target was 3.0% and not 3.5%.

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