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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.