Economics
Mexico’s Accelerating Inflation Raises Odds of Bigger Rate Hike
- Consumer prices rose 7.72% in a year, above estimate of 7.63%
- Central bank meets next month after seven straight hikes
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Mexico’s annual inflation accelerated more than expected in early April driven by food, gasoline and vacation costs, putting pressure on the central bank to consider bigger interest rate increases.
Consumer prices rose 7.72% in the first two weeks of the month from a year earlier, compared with a 7.63% median estimate in a Bloomberg survey, the national statistics institute reported Friday. Prices rose 0.16% from the previous two weeks, more than double what economists expected.