Mexico economists expect consumer prices to rise 4.16 percent this year and 3.76 percent by year-end 2013, according to the monthly central bank survey published today.
The analysts forecast the economy will expand 3.87 percent this year, the survey on the central bank’s website said.
Inflation expectations jumped in the previous survey to 4.15 percent from 4.01 percent after price-growth remained above the central bank’s target range for each month since June. the bank targets inflation at 2 percent to 4 percent.
Annual inflation reached 4.64 percent in the first half of October, down from 4.77 percent for the full month of September, after rising since May as a bird-flu outbreak in Mexico and drought in the U.S. pushed up egg, poultry and grain prices.
Economic expansion probably slowed to 3.3 percent in the third quarter from 4.1 in the three months prior, the Finance Ministry said Oct. 30, providing an outlook that is not a preliminary calculation for growth. The national statistics institute will publish the official third-quarter figure on Nov. 16.