Mexican annual inflation slowed more than expected in December, supporting policymakers’ decisions to cut their benchmark interest rate at their last meeting.
Consumer prices rose 3.69% in December compared to the same month the previous year, according to the national statistics institute. The reading came in under the 3.75% median estimate of analysts surveyed by Bloomberg and down from November’s 3.80% print.
Core inflation, which excludes volatile food and fuel prices, slowed to 4.33%, compared to the 4.43% rate registered in November, and in line with the median estimate. The central bank targets inflation of 3%, plus or minus one ...
