Mexico's annual inflation accelerated in November, reaching 3.80%, according to figures published by the National Institute of Statistics and Geography (Inegi). The consumer price index rose 0.66% compared with October.
The increase slightly exceeded analysts' expectations, including projections in Citi's latest survey that inflation would finish the month at 3.79%. Analysts expect the Bank of Mexico to cut its key interest rate next week at its final policy meeting of the year.
