Banxico’s Rate Cut Plans Challenged by Unexpected Inflation Rise in October

Mexico’s inflation rate took an unexpected turn in October 2024, climbing to 4.76% from 4.58% in September. This increase surprised economists who had predicted a rate of 4.72%. The rise broke a two-month streak of declining inflation, signaling potential economic hurdles ahead. Food prices played a significant role in this uptick. The cost of food […]