Inflation in Mexico continued the downward trend but is unlikely to close the year within Banxico’s range

Summary

In Mexico, the inflation was higher than expected, both the overall and core rates. Nevertheless, the moderating trend continues and no demand pressures were detected. The unemployment rate decreased in October compared to previous month. The current account deficit of Peru fell in Q3 compared to that observed in the second quarter, although it should be noted that much of this reduction is due to higher income transfers for outstanding taxes.

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