October prices rose to 3.75 percent.

MEXICO CITY — Reuters reported Monday that Mexico’s annual inflation was 3.75 percent in October, up from 3.45 percent in September. A Reuters poll of economists had expected 3.65 percent. The core index, which strips out some food and energy prices, rose 3.8 percent from a year earlier, from 3.75 percent in September. Economists had expected 3.78 percent. Reuters said both the headline rate and the core rate remained inside the Bank of Mexico’s target range of 3 percent, plus or minus one percentage point.

Banxico cut its benchmark rate last week by 25 basis points, to 6.25 percent, in what it called a “one-time adjustment.” Gabriella Siller, Banco Base’s director of economic analysis, wrote on X: “The likelihood of inflation returning to the 3.0% target in 2027 is virtually nil.” In October alone, consumer prices rose 0.65 percent, after 0.42 percent the month before. The poll had expected 0.55 percent. Saturday’s Mexico note, Jokic in Mexico City, stays filed. This desk does not add a figure that was not in the Monday Reuters dispatch.

The likelihood of inflation returning to the 3.0% target in 2027 is virtually nil.

The photograph is a file, April 15, 2026. A woman buys vegetables at a market in Ciudad Juárez. Jose Luis Gonzalez, Reuters. It is not Monday. It is not the statistics institute, and it is not Mexico City.