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Inflation in Mexico reached a record 6 percent in September, its highest level since April 2021, the National Institute of Statistics and Geography (Inegi) reported on Thursday, Oct. 7.

The rise in the National Consumer Price Index (INPC) was mainloy due to increases in food and energy prices.

According to Inegi, inflation in Mexico has risen for seven straight months, defying the target range set by Mexico Central Bank (Banxico) of 3 percent,

In August, it stood at 5.59 percent.

Meanwhile, the Mexican peso depreciated against the U.S. on Thursday for the fourth day and U.S. Treasuries increased amid rising inflation concerns, as the market awaits a U.S. employment report.

At close Thursday, the peso was selling at about 20.88 per dollar, its weakest level since March 25.

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