Mexico Annual Inflation Eases to Nine-Month Low in Early October Michael O'Boyle - Reuters
go to original October 24, 2013

Mexico's annual inflation rate eased in the first half of October to its slowest pace since early this year, giving policymakers room to keep cutting interest rates to counter an economic slowdown.

Inflation in the 12 months to mid-October slowed to 3.27 percent from 3.46 percent in the first half of September, the country's national statistics agency said on Thursday.

The data marked the fourth month in a row inflation remained below the central bank's 4 percent annual target ceiling. It was the slowest reading since mid-January.

Most analysts expect Mexico's central bank to cut its benchmark interest rate by 25 basis points this Friday to 3.50 percent and the data backed that view.

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