Mexico’s Inflation Hits 6%, Fueling Rate-Hike Pressure
- Economists warn inflation may be spreading through economy
- Banxico has raised key interest rate at past three meetings
A customer exchanges Mexican pesos for goods at the Medellin market in Mexico City
Photographer: Susana Gonzalez/This article is for subscribers only.
Mexico’s annual inflation accelerated to double its target in September, stoking pressure on the central bank to keep tightening monetary policy.
Consumer prices jumped 6% compared with a year earlier, more than the 5.59% seen in August and in line with economist forecasts in a Bloomberg survey. Monthly inflation accelerated to 0.62% after a 0.19% rise in August, the national statistics institute reported Thursday.