Mexico's inflation and industrial production data on sight

MXN is expected to weaken further this week as the USD gains ground after the NFP and EUR squeezing higher. This week looks relatively quiet as we only get the inflation print for November on Wednesday and Industrial production on Friday. 

On the former, the forecast is consistent with a biweekly inflation of 0.08% 2w/2w in the second half of the month additional price increases is expected in perishable goods while core inflation should remained muted. Annual inflation should remain at 2.3% y/y with core at 2.35%. 

For the latter, the forecast is consistent with a 0.3% m/m sa expansion as a result of the observed increases in US manufacturing and oil production (0.4% and 0.2% m/m sa respectively) partially offset by the contraction in automobile output (-0.3%).