Mexico inflation October 2026: INPC at 3.75%, third straight monthly rise

Mexico's consumer price index rose 3.75 percent in the twelve months to October, INEGI reported this morning, the third straight month of acceleration and a clear overshoot of the 3.65 percent consensus. The print, released at 06:00 local time from the October INPC bulletin, is the strongest inflation picture since May, and it lands four days after Banxico's Governing Board cut its policy rate to 6.25 percent against expectations for a hold.

Key Takeaways Mexico's INPC rose 3.75 percent year over year in October, up from 3.45 percent in September and above the 3.65 percent consensus. Core inflation firmed to 3.80 percent from 3.75 percent, the first acceleration after two straight monthly dec…