Mexico Annual Inflation Slows on Retail ‘Price War’
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Mexico’s consumer prices rose less than economists forecast in July and annual inflation slowed for the fourth straight month amid competition at supermarkets.
Consumer prices increased 0.22 percent in July from a month earlier and 3.64 percent from a year earlier as costs fell for eggs, melons and grapes, the central bank said on its website. The annual rate has fallen from 4.97 percent in March.