{"id":1677827,"date":"2022-10-07T08:53:47","date_gmt":"2022-10-07T12:53:47","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1677827"},"modified":"2022-10-07T08:54:00","modified_gmt":"2022-10-07T12:54:00","slug":"mexico-annual-inflation-rate-steady-at-8-7-in-september","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mexico-annual-inflation-rate-steady-at-8-7-in-september\/","title":{"rendered":"Mexico annual inflation rate steady at 8.7% in September"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmexico-annual-inflation-rate-steady-at-8-7-in-september%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1677827&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>MEXICO CITY (Reuters) -Mexico\u2019s inflation steadied at 8.7% in the 12 months through September, official data showed on Friday, halting an upward trend that had pushed consumer prices to 22-year highs but still well above the central bank\u2019s target range.<\/p>\n<p>The annual headline inflation rate came in at the same level reported last month, when it had reached its highest since December 2000, and compares to expectations of 8.75% in a Reuters poll of economists.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>Even so, consumer prices rose 0.62% in September, according to non-seasonally adjusted figures, reinforcing bets the nation\u2019s central bank will continue to hike the benchmark interest rate.<\/p>\n<p>\u201cInflation has halted,\u201d President Andres Manuel Lopez Obrador said in a regular news conference. \u201cIt hit its maximum level and it\u2019s going to start to lower,\u201d he added.<\/p>\n<p>The Bank of Mexico last week raised its key interest rate by 75 basis points to a record 9.25%, citing the \u201congoing tightening of global financial conditions\u201d and stating that the balance of risks to inflation\u2019s trajectory remains biased significantly to the upside.<\/p>\n<p>Banxico, as the central bank is known, has raised rates by 525 basis points since the current hiking cycle began in June 2021 in a bid to tamp down inflation, which has blown past the bank\u2019s target of 3% plus or minus 1 percentage point.<\/p>\n<p>Amid the context of soaring consumer prices, Mexico\u2019s government on Monday announced new measures in an anti-inflationary plan made in agreement with food producers and retailers to keep food affordable.<\/p>\n<p>Annual core inflation, which strips out some volatile food and energy prices, reached 8.28%, while in September alone core inflation hit 0.67%, both slightly below market expectations.<\/p>\n<p> (Reporting by Anthony Esposito; Additional reporting by Gabriel Araujo and Raul Cortes; Editing by Steven Grattan, Kirsten Donovan)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/mexico-annual-inflation-rate\/attachment\/mexico-inflation-eases-slightly-central-bank-still-seen-hiking-rates\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI960M0-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI960M0-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MEXICO CITY (Reuters) -Mexico\u2019s inflation steadied at 8.7% in the 12 months through September, official data showed on Friday, halting an upward trend that had pushed consumer prices to 22-year<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1677827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1677827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1677827"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1677827\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1677827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1677827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1677827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}