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Mexico Bi-Weekly Consumer Prices (Nov.)

Mexican inflation continued to climb in the first half of November, rising to 3.3% y/y from 3.1% y/y over the whole of October. And, following the sharp depreciation of the peso over recent weeks, we now expect it rise above the top-end of the central bank’s 2-4% target range next year. As such, interest rates are on their way up too.

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