The rise in prices more than doubled Banxico's goal and climbed 8.53% in the first half of October, which indicates that the entity will continue to make credit more expensive at its next monetary policy meeting.

The increase in the National Consumer Price Index (INPC) was marginally lower than the 8.64% rise registered in the second half of September. Analysts expected an advance of 8.63%.

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Core inflation, that is, the one that eliminates prices with the greatest volatility, advanced 8.39% at an annual rate, according to data from the National Institute of Statistics and Geography released this Monday.

President Andrés Manuel López Obrador said he was confident that inflation will lose steam in the coming weeks, noting that self-service companies such as Walmart, Soriana and Chedraui have or will have a free food import license without tariffs or bureaucratic procedures.

During the first half of October, the prices of agricultural products decreased 0.46% and those of energy and tariffs authorized by the government increased 1.30%. The foregoing was due to the conclusion of the subsidy for the electricity rate program for the summer season in 18 cities in the country.

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Electricity prices, therefore, were the ones that showed the increase with the greatest incidence of inflation with a fortnightly variation of 17.46%.

Banxico, which has a permanent inflation target of 3% +/- one percentage point, has increased the benchmark rate by 525 basis points (bp) in its last 11 monetary policy meetings to its current level of 9.25%.

His next decision is scheduled for November 10 and analysts anticipate a further increase of 75 basis points, according to the most recent survey by financial group Citibanamex.

In Solili you can consult industrial warehouses available in Ciudad de México y Monterrey

Original  note