| | |  Business News | September 2008 
Mexico Inflation at 5-year High
 Bloomberg News
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Mexico’s inflation accelerated to the fastest annual pace in more than five years last month on higher costs for gasoline, electricity and eggs.
Consumer prices increased 5.57 percent from a year earlier, the most since December 2002.
Prices climbed 0.58 percent from July, the central bank said. Inflation was in line with forecasts, and not fast enough to persuade the central bank to raise the benchmark interest rate this month, said Rodrigo Valdes, chief Latin American economist at Barclays Capital.
The price increases also met the expectation of central bank policy makers, who have forecast year-on-year inflation of 5.25 percent to 5.75 percent in the third quarter. |
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