Mexico’s annual inflation rate slowed to 3.55% in early June, marking the lowest level of the year and providing fresh data for the central bank ahead of its policy meeting.
The reading suggests that price pressures are easing more rapidly than in previous months, potentially opening the door for a shift in monetary policy tone.
Banxico is scheduled to announce its interest rate decision later today.
With inflation trending downward, markets are closely watching for any forward guidance that might indicate a future easing cycle.
The central bank has maintained a cautious approach throughout the year, balancing the need to anchor inflation expectations against the risk of overtightening in a slowing economy.
The cooling inflation print comes amid a broader global trend of moderating price growth.