Higher costs: Workers sort bell peppers in Guanajuato, Mexico. Consumer prices jumped 5.81% compared to a year earlier, slightly less than the 5.88% rise seen in June but more than economists’ median estimate for a 5.78% increase, the national statistics institute reported on Monday. Monthly inflation accelerated to 0.59%, compared to the 0.53% reading recorded in June. — Bloomberg
MEXICO CITY: Mexico’s annual inflation remained far above the central bank’s target ceiling in July, keeping pressure on board members to continue raising interest rates at tomorrow’s monetary policy decision.
Consumer prices jumped 5.81% compared to a year earlier, slightly less than the 5.88% rise seen in June but more than economists’ median estimate for a 5.78% increase, the national statistics institute reported on Monday. Monthly inflation accelerated to 0.59%, compared to the 0.53% reading recorded in June.
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