Mexico | November inflation forecast: core continued to ease slowly in November

We expect headline inflation to increase 0.79% MoM in November (2.96% YoY), with core coming in at 0.22% MoM (3.65% YoY).

Key points

• Key points:
• If our forecasts prove accurate, headline inflation would stand below 3.0% for the first time since September 2016
• Core would edge down for the fifth month in a row

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