| | |  Business News | December 2008 
Mexico Annual Inflation Rate Rises to Seven-Year High
 Jens Erik Gould - Bloomberg
go to original
Mexico’s annual inflation rate last month rose to the highest level in more than seven years as costs rose for electricity, tomatoes and beef.
Consumer prices rose 6.23 percent in November from a year earlier, the most since June 2001, the central bank said on its Web site. Costs increased 1.14 percent in November from a month earlier, the highest one-month increase since January 2000. Core prices climbed 0.5 percent from October.
The inflation results were in line with the median estimates compiled by Bloomberg in surveys of economists, who forecast monthly inflation of 1.12 percent and an annual rate of 6.22 percent.
The peso fell 0.49 percent to 13.4995 per dollar at 10:35 a.m. New York time from 13.4337 late yesterday. The Mexican currency has fallen 19 percent since Oct. 1.
To contact the reporter on this story: Jens Erik Gould in Mexico City at jgould9(at)bloomberg.net. |
|
| |
Vallarta Weddings
Tell a Friend
Site Map
Print this Page
Email Us