EconomyInflation in Mexico picks up 8.5% in the first...

Inflation in Mexico picks up 8.5% in the first half of October

The rise in prices in Mexico climbed 8.53% in the first half of October, a figure that more than doubles the goal of the Bank of Mexico (Banxico) and indicates that the entity will continue to make credit more expensive at its next policy meeting monetary.

Core inflation, that is, the one that eliminates prices with the greatest volatility, advanced 8.39% at an annual rate, according to data from the National Institute of Statistics and Geography released this Monday.

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Analysts estimate that in the first half of October prices rose 8.6% at the annual rate, which reinforces the expectation that Banxico will continue to make credit more expensive.