Mexico Gets ‘Bad Inflation News’ as Holiday Spending Jumps
- Annual inflation accelerated to 4.46% above est. 4.36%
- Central bank has held key rate for six straight meetings
Mexican handcrafts for sale in Cabo San Lucas, Mexico.
Photographer: Mariceu Erthal/BloombergThis article is for subscribers only.
Mexico’s consumer prices rose more than expected in early December as increased holiday season-related spending keeps pressure on the central bank.
Consumer prices rose 4.46% compared to the same period a year earlier, up from 4.33% in late November, the national statistics institute reported Thursday. The print was above the 4.36% median estimate of analysts in a Bloomberg survey.