Annual consumer price inflation in Latin America’s no. 2 economy dipped last month to 5.88% from 5.89% in May, according to figures published by national statistics agency INEGI. A rate of 5.86% had been forecast in a Reuters poll of analysts.
Compared with the previous month, prices rose in June by 0.53%, the data showed. The core price index, which strips out some volatile items, was up by 0.57% on the month.
The Mexican central bank, which targets an inflation rate of 3% with a one percentage point tolerance threshold above and below that, last month unexpectedly raised its key interest rate to 4.25% in a bid to anchor inflation expectations.
Source: Economy - investing.com
