While the analysts who participated in the Citibanamex survey expect a rate of 8.25%.
In both years, inflation is far from the record in more than two decades of 8.77% that reached until the second half of August; however, it would still be more than twice the upper range of Banxico (3% +/- one percentage point).
Despite the decrease in general inflation, for the underlying index, taken as a better parameter to measure the trajectory of prices because it eliminates highly volatile products, the estimates indicate that it would accelerate to 8.60%, something not seen since the second fortnight August 2000.
Only in the first 15 days of November, consumer prices would have grown 0.65% compared to the previous fortnight, while an increase of 0.30% is expected for the underlying index, according to the Reuters survey.
The median estimate for general inflation at the end of 2022 fell to 8.48% from 8.50% a fortnight ago in the Citibanamex survey.
Banco de México has increased the referential rate by a total of 600 base points as part of a cycle of increases that began in June 2021, up to its current level of 10%.
Both the Reuters poll and the Citibanamex survey estimate that the benchmark interest rate will continue to rise.
Citibanamex analysts believe that the central bank’s Governing Board will vote for an increase of 50 basis points.
Its last monetary policy decision of the year is scheduled for December 15 and analysts anticipate a new increase, although this time of 50 basis points.
The national statistics institute, Inegi, will disclose on Thursday the price index for the first half of November.
With information from Reuters