Mexico’s Prices Rise Less Than Forecast for Third Month in a RowBy
Annual inflation remains below central bank’s 3 percent target
Banxico kept rate at 4.25% in August after peso rebound
Mexico’s consumer prices rose less than analysts expected for the third consecutive month in August, keeping the annual inflation rate below the central bank’s target.
Prices rose 0.28 percent from the previous month, the national statistics institute said on its website Thursday. The median forecast of 23 analysts surveyed by Bloomberg was for a 0.31 percent increase. From a year earlier, prices increased 2.73 percent, compared with 2.65 percent in July. Banco de Mexico targets inflation of 3 percent.
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