Mexico inflation seen 3.04pc for first half of October

• The central bank targets an inflation rate of 3pc, with a one percentage point tolerance range above or below that figure.
• Mid-month annual core inflation, which strips out some volatile energy and food prices.

MEXICO CITY: Mexico's annual inflation is seen slightly higher in the first half of October versus the previous reading as electricity prices increased after government subsidies for the summer months were phased out, a Reuters poll showed on Tuesday.

The median forecast of 13 analysts and economists sees annual inflation for mid-October at 3.04pc, up from 3.01pc in the second half of September and 2.99pc in the first half of September.

The central bank targets an inflation rate of 3pc, with a one percentage point tolerance range above or below that figure.

Mid-month annual core inflation, which strips out some volatile energy and food prices, is seen at 3.72pc

Headline inflation is seen at 0.44pc for mid-October. Core inflation is forecast at 0.16pc.

Mexico's INEGI statistics institute will publish the official data on Thursday.