Mexico’s consumer prices rose less than expected in June, keeping the annual inflation rate below the central bank’s target.
Prices rose 0.11 percent from the month before, the national statistics institute said on its website Thursday. The median forecast of 24 analysts surveyed by Bloomberg was for a 0.16 percent increase. From a year earlier, prices increased 2.54 percent, compared with 2.6 percent in May. Banco de Mexico targets inflation of 3 percent.