Mexico’s consumer prices rose more than expected in early July, lifting the annual inflation rate toward the central bank’s long-term target.
Prices rose 0.28 percent from two weeks earlier, the national statistics institute said on its website Friday. The median forecast of 24 analysts surveyed by Bloomberg was for a 0.24 percent increase. From a year earlier, prices increased 2.72 percent, compared with 2.53 percent at the end of June. Banco de Mexico targets inflation of 3 percent.