Mexico’s Inflation Quickens Before Banxico’s Rate Meeting (1)

Mexico’s annual inflation accelerated roughly in line with expectations in early September ahead of the central bank’s Thursday interest rate decision.

Consumer prices rose 3.74% in the first half of September from the same period a year earlier, according to the national statistics institute. The print was a tick lower than the 3.75% median estimate by analysts surveyed by Bloomberg and above the most recent print of 3.65%.

The important core reading, which leaves out volatile food and fuel prices and is closely tracked by the central bank, barely moved, reaching 4.26% in the two-week period.

Mexico’s central ...