Mexico’s inflation rate year-over-year increased to 3.76% from the previous 3.57%, marking a 0.19 percentage point rise. This upward movement indicates a higher inflationary pressure compared to the previous period.
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The actual inflation rate of 3.76% came in slightly below the analyst estimate of 3.79%. This marginally lower-than-expected inflation figure may provide some relief to the stock market, particularly benefiting consumer discretionary and retail sectors, which are sensitive to inflation changes. The market impact is likely to be short-term, driven by sentiment as investors adjust their expectations.