Mexico's inflation slows to 7.8 pct in November

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Mexico's inflation slows to 7.8 pct in November

STORY: Mexico's inflation slows to 7.8 pct in November DATELINE: Dec. 9, 2022 LENGTH: 00:01:31 LOCATION: Mexico City CATEGORY: ECONOMY SHOTLIST: 1. various of Mexico's central bank 2. various of commercial banks STORYLINE: Mexico's annual inflation rate slowed to 7.8 percent through November year on year, due to a decrease in the price of some foods and liquefied petroleum gas (LPG), the National Institute of Statistics and Geography (Inegi) said Thursday. According to Inegi's monthly report, the national consumer price index (CPI) rose 0.58 percent in November compared to the previous month. Core inflation, closely monitored by the central bank of Mexico (Banxico), stood at 8.51 percent through November, after registering a 0.45 percent increase for the month compared with October. The price of onions fell 23.59 percent in November compared to October, while the price of domestic LPG dropped 2.29 percent. In a report issued separately, Mexico's Monex Financial Group said the slowing in inflation to 7.

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