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Core inflation in Mexico during the first half of November reached 8.66 percent, according to the National Institute of Statistics and Geography’s (Inegi) National Consumer Price Index (INPC), representing 8.14 percent at an annual rate.

Despite a slight moderation compared to previous fortnights, headline inflation was still well above the Central Bank of Mexico’s (Banxico) objective target of 3 percent.

The underlying price index is considered a better parameter to measure the trajectory of prices, since it excludes more volatile products such as agriculture, energy and tariffs authorized by different levels of government, and therefore determines the course of general inflation in the medium and long terms.

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