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Mexican inflation seen slowing slightly in November


Reuters


MEXICO CITY, Dec 6 (Reuters) - Mexican annual inflation likely dipped just below the central bank's target level in November, reinforcing expectations of a further cut to the central bank's benchmark lending rate later this month, a Reuters poll showed on Friday.

The median forecasts of nine analysts was for inflation to slow to a rate of 2.99% from 3.02% in October, according to estimates collected up to 1800 GMT on Friday.

Compared to the previous month, consumer prices likely rose by 0.82%, according to the survey. The core price index, which strips out some volatile items, was seen rising by 0.23% on the month and by 3.66% compared with the previous year.

The national statistics agency is due to publish the latest inflation data on Monday morning.

The central bank targets an inflation rate of 3% with a one percentage point tolerance range above and below.






This article appears in: Stocks , World Markets , Economy , 401k , Retirement



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