Mexico annual inflation rises to eight-and-a-half year high in June

07/07/2017 Reuters

banco de mexicoMexico’s annual inflation rate rose to its fastest pace in 8-1/2 years in June, but the increase was less than expected and that could support the view that the central bank may pause after a string of interest rate hikes.

Mexican consumer prices rose 6.31 percent in the year through June MXCPIX=ECI, the national statistics agency said on Friday, above the 6.16 percent rate in May but below a 6.34 percent forecast in a Reuters poll.

It was the highest reading since December 2008.

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