|Mexico Inflation Rises In November|
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December 09, 2010
Mexico's inflation rose to 4.32% in November from 4.02% in October, the central bank said Thursday. The rate of inflation was broadly in line with the 4.33% expected by economists.
On a monthly basis, consumer prices rose 0.8% in November, nearly matching economists' forecast for an increase of 0.81%. Higher prices reflected growth in fruits and vegetable prices, the bank said.
The underlying inflation rose slightly to 3.63% in November from 3.58% in October. On a monthly basis, the core consumer price index rose 0.25%, while the expected growth was 0.29%.
Month-on-month, prices of food and beverages grew 0.84% and those of clothing and footwear was up 0.32%. Housing costs were 1.9% higher than in October, while transportation charges grew 0.48% from the previous month.
The producer price index for goods and services, excluding oil increased 0.45% month-on-month in November, taking the annual growth in the index to 3.4%. In October, the PPI grew 3.35%.
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