Mexico’s core inflation rate for the month showed a significant increase, rising to 0.33% from the previous 0.22%. This marks a 0.11 percentage point rise, indicating a higher inflationary pressure in the economy.
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The actual core inflation rate of 0.33% slightly exceeded the analyst estimate of 0.32%. This unexpected rise is likely to impact the stock market, particularly affecting consumer goods and retail sectors, as higher inflation may lead to increased costs and pricing pressures. The market reaction could be short-term, driven by sentiment, as investors assess the implications for monetary policy and consumer spending.