Mexico inflation hits 2-1/2-year high in early Sept

Reuters, 9/24/12

Mexican inflation accelerated in early September to its fastest rate in 2-1/2 years, but the pick-up was less than expected by analysts and most policymakers have said they expect the spike to be temporary. Annual inflation accelerated to 4.73 percent in early September from 4.57 percent for the full month of August, driven by rising egg, chicken and tomato prices as well as higher education costs, the national statistics agency said on Monday.The rate was less than the 4.82 percent rate projected in a Reuters poll, reflecting a surprise drop in fixed-line telephone rates, analysts said.Nonetheless, the annual inflation rate marked its highest level since March 2010, and it was the fourth month it topped the central bank’s 4 percent limit for acceptable price increases.

Read More…

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 10,818 other followers